The Bank of Japan will make its first decision on Wednesday (Tuesday evening, United States time), with analysts divided on whether the Bank of Japan will raise its policy rate from the current 0%-0.1% or signal that it is about to raise interest rates. Japan's inflation rate has been known to be above the central bank's 2% target for some time, and the yen, despite its recent gains, is still hovering near multi-decade lows against the dollar.