A new risk is emerging for the yen, with forex strategists in Tokyo warning that the Bank of Japan may wait until March or later next year to raise interest rates. On Wednesday, the market got a taste of this danger as traders reacted to a Bloomberg report suggesting that the Bank of Japan reportedly thinks it would be fine to wait before raising rates, leading the yen to drop to its lowest level in over two weeks. The yen fell to 152.82 against the dollar, and the market is still debating whether the Bank of Japan will take action at the next meeting on December 19 or about a month later. Shusuke Yamada, head of Japan Forex and interest rate strategy at Bank of America in Tokyo, said that if policymakers push back the timing of the rate hike further, the situation would be very different. "If the rate hike is delayed until March, yen carry trade is likely to resurface," Yamada said on Thursday. "The yen could potentially fall again to 155 or slightly below the 157 level reached in November."