The Bank of Japan (BOJ) has decided to keep interest rates unchanged at 0.25%, which was expected by analysts. However, there are predictions of a possible rate increase in January based on economic indicators. The BOJ is monitoring domestic wage growth, spending patterns, and potential policy shifts under the incoming Trump administration. While regular wages in Japan have been increasing, recent declines in household spending have contributed to the cautious approach to rate hikes. The BOJ may wait for the results of upcoming wage negotiations in early 2025 before adjusting monetary policy.



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