Overview

• BOJ's decision hinges on consumer spending recovery and inflation stability around 2%.
• Economists are divided on whether the rate hike will occur in July, September, or October.
• Private-sector members of a government council urge rate hike to prevent yen depreciation.
• Core inflation hit 2.6% in June, exceeding the BOJ's target for over two years.
• BOJ to unveil a plan to halve bond purchases over the next one to two years.