BoJ is reportedly likely to keep rates steady in January; some officials are said to be concerned over the economic impact of a weak JPY, Bloomberg reports
Importance
Level 1
- If the JPY continues to weaken, then the pace of future rate hikes could be accelerated. But, policy will remain on hold in January.
- Possible that the negative aspects such as a further JPY depreciation and the impact on personal consumption, will become a point of concern.
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