A post by @FirstSquawk on X.

The Bank of Japan’s October meeting summary revealed growing pressure to tighten policy, with one member stating that underlying inflation has reached 2% and the BOJ must raise its policy rate to a neutral level soon, while another said Japan is entering a new phase that requires faster rate hikes toward neutral levels. The opinions signal a more hawkish internal debate than markets had assumed, even as the BOJ has so far moved gradually. The summary matters because it frames the timing and pace of the next rate increase, with the policy rate still well below neutral levels. Traders will watch upcoming inflation, wage and consumption data, along with BOJ communications, for confirmation that a near-term hike is being prepared.