The Bank of Japan stated that, although the majority held a cautious attitude during the policy meeting which led to no change in interest rates, a rate hike next month remains possible. The meeting minutes indicated that, during a heated discussion about the timing of the next actions, committee members expressed opinions supporting either raising interest rates or waiting longer to monitor wage trends and the trajectory of the U.S. economy under Trump. One member stated, "The central bank may decide to raise the policy rate in the near future, but for now, the central bank needs to remain patient and monitor the uncertainties in the US economy until these uncertainties are resolved."