Bank of Japan Considers Rate Hike and Bond Purchase Reduction

Upcoming meeting to debate interest rate increase and detailed plan for tapering bond purchases

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.