JN BOJ Policy Rate
It's an important driver of risk appetite - lower interest rates decrease borrowing costs. Reduced costs to borrow will spur investment spending;
Source does not give an exact release time - this event will be listed as 'Tentative' until the rate is announced. This rate is currently the BOJ's main operating target. Source first released in Jan 2016;
- JN BOJ Policy Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Dec 18, 2024 | <0.25% | <0.25% | <0.25% |
| Oct 30, 2024 | <0.25% | <0.25% | <0.25% |
| Sep 19, 2024 | <0.25% | <0.25% | <0.25% |
| Jul 30, 2024 | <0.25% | <0.10% | <0.10% |
| Jun 13, 2024 | <0.10% | <0.10% | <0.10% |
| Apr 25, 2024 | <0.10% | <0.10% | <0.10% |
| Mar 18, 2024 | <0.10% | -0.10% | -0.10% |
| Jan 22, 2024 | -0.10% | -0.10% | -0.10% |
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- JN BOJ Policy Rate News
From cnbc.com|Dec 18, 2024|1 commentThe Bank of Japan on Thursday held its benchmark interest rate steady at 0.25%, opting to take the time to assess the impact of financial and foreign exchange markets on Japan’s economic activity and prices. The yen weakened 0.3% against the dollar after the rate decision, trading at 155.42 and hitting a one-month low. Meanwhile, the country’s stock indexes pared gains, with the benchmark Nikkei 225 down 0.74% compared to the 0.96% loss before the announcement. The decision to hold rates surprised economists polled by Reuters, who ...
From boj.or.jp|Dec 18, 2024Japan fell into deflation in the latter half of the 1990s, experiencing a sustained decline in prices. Although subsequently there were phases in which the rate of change in prices temporarily turned positive, Japan generally continued to experience moderate deflation until the early 2010s. The reasons for this prolonged period of moderate deflation can be broadly divided into three main points. First, with a declining trend in the natural rate of interest, which is the real interest rate neutral to economic activity and prices, ...
From boj.or.jp|Dec 18, 2024|3 commentsAt the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan decided, by an 8-1 majority vote, to set the following guideline for money market opera for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0 percent. Japan's economy has recovered moderately, although some weakness has been seen in part Overseas economies have grown moderately on the whole. Exports and industrial production have been more or less flat. Corporate profits have been on an ...
From cnbc.com|Dec 16, 2024|3 commentsThe Bank of Japan (BOJ) is likely to keep its benchmark interest rate unchanged this week as it awaits greater clarity on domestic wages and spending trends as well as policy changes by the incoming administration of U.S. President-elect Donald Trump, according to a survey of economists polled by CNBC. A slim majority of 13 out of 24 economists, or 54%, said BOJ is likely to keep its benchmark interest rate unchanged at 0.25% at the end of its two-day meeting on Thursday. The same number of economists expect the Japanese central bank ...
From bnnbloomberg.ca|Dec 15, 2024A year when inflation subsided enough for monetary policy easing to start in most advanced economies is about to conclude with a 24-hour flurry of decisions led by the Federal Reserve. The US announcement will take center stage on Wednesday, followed by peers in Japan, the Nordics and the UK over the following day — amounting to half of the world’s 10 most-traded currency jurisdictions. Those events will draw most attention among investors bracing for the last big week for monetary policy in 2024. By close of play on Friday, at least ...
From @MrMBrown|Dec 13, 2024|3 commentspost: *BOJ WEIGHS SKIPPING RATE HIKE AT NEXT POLICY MEETING: KYODO
From boj.or.jp|Oct 30, 2024At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at or around 0.25 percent.
From channelnewsasia.com|Oct 30, 2024The Bank of Japan is expected to maintain ultra-low interest rates on Thursday and signal a cautious approach to rolling back its massive monetary stimulus, as political uncertainty and jittery markets cloud the outlook. The ruling coalition's loss of a majority in a weekend election has heightened concerns about policy paralysis, raising the hurdle for additional rate hikes, analysts say. The BOJ is likely in no rush to push up borrowing costs with inflation showing few signs of spiking and Japan's economic recovery fragile. But ...
| Released on Dec 18, 2024 |
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| Released on Oct 30, 2024 |
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