Bank of Japan expected to hold rate and say underlying inflation has reached 2%

Bloomberg reports the Bank of Japan is widely expected to hold its rate at 1.25% on October 30 and indicate underlying inflation has reached its 2% target. That assessment would strengthen the case for further hikes. The Straits Times, carrying Bloomberg reporting, says the goal was set in 2013 and more than 80% of surveyed economists expect action at the bank’s December meeting.