6 meeting, when it raised its interest rate by 50 basis points.
Analysts at Nomura are expecting the central bank to raise rates by 40 basis points, "to convey the view of RBA nearing the end of upsized hikes.".Sentiment of Japan's large manufacturers worsened in the July-to-September quarter, according to the Bank of Japan's latest quarterly tankan business sentiment survey.The headline index for large manufacturers' sentiment came in at 8, a decline from the previous quarter's reading of 9."Our expectation and market expectations were for the manufacturing reading to pick up — supply conditions had improved, you've seen fading supply impact from zero-Covid policies in China, commodity prices came down a little bit," said Stefan Angrick, a senior economist at Moody's Analytics.