David Chao, a global market strategist at Invesco Asia Pacific, said, “What I have drawn from the preliminary report is that its hawkish outlook on inflation paves the way for potential interest rate hikes in December... Everyone will pay attention to Kazuo Ueda's statement at the press conference this afternoon to see if he will be hawkish or dovish, and whether it will suggest how much interest rates can be raised.” “Surprising news is that the Bank of Japan has decided to speed up the sell-off of its ETFs without trying to destabilize the market. Although this may initially cause market panic, I actually think this is a positive development because it shows that the Bank of Japan has enough confidence in the economy and the market.”

David Chao, a global market strategist at Invesco Asia Pacific, said, “What I have drawn from the preliminary report is that its hawkish outlook on inflation paves the way for potential interest rate hikes in December... Everyone will pay attention to Kazuo Ueda's statement at the press conference this afternoon to see if he will be hawkish or dovish, and whether it will suggest how much interest rates can be raised.” “Surprising news is that the Bank of Japan has decided to speed up the sell-off of its ETFs without trying to destabilize the market. Although this may initially cause market panic, I actually think this is a positive development because it shows that the Bank of Japan has enough confidence in the economy and the market.”