Ueda Says BOJ Will Make a Decision on Rate Hike Next Week.

Bank of Japan Governor Kazuo Ueda announced that a decision on hiking rates will be made at the upcoming January policy meeting. Ueda highlighted the US economy and upcoming wage negotiations as key factors influencing the decision. Market reactions to Ueda's comments resulted in a slight strengthening of the yen against the dollar. The possibility of a rate hike is being closely monitored by BOJ watchers, with indications pointing towards a potential increase in borrowing costs. [Extracted from the article]