BoJ Ueda's dovish impression at press conference due to "Trump 2.0" uncertainties
Key points
- BoJ left policy interest rate target level unchanged at around 0.25%; board member Tamura voted against this action, argued for interest rate hike
- Ueda's press conference left dovish impression; BoJ wary of risks posed by policies of US President-elect Trump ("Trump 2.0")
- Rate hike still possible at January meeting, but Bank may not take action until outline of "Trump 2.0" becomes visible
