Bank of Japan officials have wrapped up the first day of discussions at their two-day monetary policy meeting.

Most economists expect the BOJ to keep its policy rate unchanged at around 0.25% after raising rates at its last meeting in July.

A recent strengthening of the yen has eased worries by the officials about the risk of soaring inflation, something they were concerned about at the July meeting.

Many within the Bank believe the officials should focus the discussion on the stability of the financial market and how the most recent rate hike is affecting the economy and prices.

Some officials also say they need to wait and confirm the impact of goods and service price hikes scheduled for October before taking any further action.

Market players will also be focused on a news conference by BOJ Governor Ueda Kazuo on Friday.

They will be listening for any hints on how and when the central bank might raise rates again in the coming months.