The Summary of the Bank of Japan's December meeting revealed that policymakers discussed the possibility of a near-term rate hike, with some members noting that conditions were aligning for such a move.

Some Bank of Japan policymakers saw conditions falling into place for an imminent rate hike with one predicting a move "in the near future," a summary of opinions at the bank's December meeting showed,

A summary of opinions from the Bank of Japan’s December meeting suggests that the next interest-rate hike is approaching.

The BOJ held interest rates steady at 0.25% at this month's meeting, a move Gov. Kazuo Ueda explained was aimed at scrutinizing more data on next year's wage momentum and clarity on the incoming U.S. administration's economic policies.

TOKYO: Bank of Japan policymakers agreed in October to keep raising interest rates if the economy moves in line with their forecast, but some stressed the need for caution due to the uncertain outlook,