BOJ’s decision to keep interest rates unchanged leads to weaker yen

the bank of Japan kept interest rates unchanged at its last monetary policy meeting this year at the meeting held on December 18th and 19th the Central Bank decided by a majority vote not to raise interest rates although one of the nine policy members proposed an additional hike at a press conference boj Governor w kazua explained that there is still little data on the momentum of next year's wage hike and the impact of the incoming Trump administration's policies in the United States governor waer also said considerations have been made on the possibility of getting some idea of the momentum of the spring labor negotiations before next march when large companies typically respond to wage demands however some Market participants pointed out that there was no strong indication of a rate hike next January which the market has already factored in and the Yen temporarily weakened to the 157 Yen per dollar level after the press conference for