The yen experienced a decline following the Bank of Japan’s (BOJ) announcement that it would maintain its existing monetary policy. This decision has largely been interpreted by markets as a signal that interest rates in Japan will remain at low levels for a considerable duration.

The BOJ’s stance contrasts with other major central banks that have been tightening monetary policy to combat inflation. The divergence in policy has put downward pressure on the yen.

Market analysts suggest that the yen’s weakness could persist as long as the BOJ maintains its current policy. The impact of this decision is being closely watched by investors and economists.