PANews reported on January 17 that according to Nikkei, multiple sources said that most members of the Bank of Japan's policy committee may be inclined to raise interest rates again at the monetary policy meeting next Thursday and Friday, which will raise the Bank of Japan's policy rate to 0.5%, a 17-year high. Sources said that some of the nine committee members were cautious and the final decision would need to be made after the inauguration and statement of US President-elect Trump on Monday, which could have an impact on the market. However, sources estimated that most committee members would support the central bank to further tighten monetary policy.
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