The Bank of Japan holds a highly anticipated policy setting meeting on September 21, and according to Christoffer Moltke-Leth, director of global sales trading at Saxo Capital Markets Singapore, the market is divided on whether the BoJ will introduce further easing or not.

There is room for further rate cuts, said Koichi Hamada, an economic adviser to Prime Minister Shinzo Abe, but Moltke-Leth thinks that the BoJ will delay cuts and wait till another meeting.