Krishna Bhimavarapu, an economist at State Street Global Advisors, stated that despite good economic data, the Bank of Japan did not raise interest rates earlier. This decision was made after the Federal Reserve cut rates by 25 basis points. Bhimavarapu noted that while signs of a hawkish stance from the Federal Reserve are becoming more apparent for next year, the Bank of Japan's inaction indicates that the yen may not only remain weak but might also reach new lows. The Bank of Japan also conducted a policy assessment, acknowledging the negative impact of unconventional monetary policies while evaluating their overall effect on the economy as positive. Bhimavarapu believes this suggests that the Bank of Japan is unlikely to take any strong measures in the near future.