Tokyo: The Bank of Japan (BoJ) is set to discuss its rate hike path at this week’s policy meeting, with officials holding the view that there is limited urgency to act even though the next increase in borrowing costs is coming closer.
BoJ officials see little cost to waiting before raising interest rates, people familiar with the matter told Bloomberg earlier this month. That report pushed the yen to its weakest level since November on bets the BoJ will hold, while underscoring the vulnerability of the currency to further declines.
