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The Japanese yen is at 24-year lows. Here’s what to expect at the next BOJ meeting

The Japanese yen is hovering close to its weakest levels since 1998, and authorities have hinted at taking action to stem the currency’s decline.

Ahead of Bank of Japan’s rate decision later this week, CNBC takes a look at whether Japan’s central bank might shift from its ultra-loose monetary policy, as the Federal Reserve maintains its hawkish stance, signaling more aggressive rate hikes to come.

The widening rate differential has caused the yen to weaken significantly, with the Japanese currency falling about 25% year-to-date.

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