As a reminder, the pair had met just last week at a government panel meeting. But this time around, it looks to be a more focused meeting with it surely going to be disguised as one that discusses "economic and market developments".
Amid the selloff in Japanese bonds as traders and investors digest Takaichi's fiscal plans, she really doesn't want the BOJ to be raising interest rates any time soon. And the meeting here is likely to see her try and pressure the central bank into moving in sync with the government in that regard.
If anything, we'll have to see what Ueda and other policymakers at the BOJ have to say following this meeting to have a better idea of their standing ahead of December. But for now, markets are pricing in just a ~26% probability of a rate hike for next month.
