Legend
- High Impact Expected
- Med Impact Expected
- Low Impact Expected
- Non-Economic
Revision
- Green NumberBetter than forecast -or- revised better
- Red NumberWorse than forecast -or- revised worse
- m/mMonth Over Month
- q/qQuarter Over Quarter
- y/yYear Over Year
- K Thousand
- M Million
- B Billion
- T Trillion
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 |
|---|---|---|---|
| Jun 15, 2026 | <1.00% | <1.00% | <0.75% |
| Apr 27, 2026 | <0.75% | <0.75% | <0.75% |
| Mar 18, 2026 | <0.75% | <0.75% | <0.75% |
| Jan 22, 2026 | <0.75% | <0.75% | <0.75% |
| Dec 18, 2025 | <0.75% | <0.75% | <0.50% |
| Oct 29, 2025 | <0.50% | <0.50% | <0.50% |
| Sep 18, 2025 | <0.50% | <0.50% | <0.50% |
| Jul 30, 2025 | <0.50% | <0.50% | <0.50% |
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- JN BOJ Policy Rate News
From parameter.io|Jun 16, 2026Japan’s central bank delivered a quarter-point rate increase on Tuesday, pushing its benchmark rate to 1%—a level not witnessed since the mid-1990s. This adjustment represents another milestone in the nation’s gradual departure from its prolonged era of near-zero interest rates. The monetary policy committee approved the 25 basis point increase from 0.75% in a decision that aligned with market expectations. Seven board members supported the measure, with only one dissenting voice. Governor Kazuo Ueda was notably absent from the ...
From cnbc.com|Jun 15, 2026|1 commentJapan’s central bank on Tuesday raised its policy rate to the highest in over 30 years at 1%, in line with expectations of economists polled by Reuters, accelerating policy normalization started in 2024. This is the Bank of Japan’s first hike since December, when it raised rates to its current level of 0.75%, and the first time since 1995 that rates have been raised to 1%. The BOJ said the decision was split 7-1, with board member Toichiro Asada dissenting and advocating for a hold at 0.75%. The policy tightening comes at a time when ...
From boj.or.jp|Jun 15, 2026|36 commentsAt the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a 7-1 majority 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 around 1.0 percent. In accordance with the change in the guideline for money market operations, the Bank decided, by a 7-1 majority vote, to change the interest rates applied to its measures. (1) Interest rate applied to the complementary deposit facility The interest rate applied to the complementary deposit facility (the interest rate applied to current account balances held by financial institutions at the Bank, excluding required reserve balances) will be 1.0 percent.3 (2) Basic loan rate4 The basic loan rale applicable under the complementary lending facility will be 1.25 percent. BOJ: BOARD MEMBER ASADA OPPOSED RATE DECISION ... BOJ board members Takata and Tamura oppose outlook description on prices
Plan for the Outright Purchases of Japanese Government Bonds At the Monetary Policy Meeting (MPM) held today, the Policy Board of the Bank of Japan reviewed the developments in and functioning of the Japanese government bond (JGB) markets and discussed its approach to future JGB purchases. In principle, long-term interest rates are to be formed in financial markets, and it is appropriate for the Bank to conduct the purchases of JGBs in a predictable manner, while allowing enough flexibility to support stability in the JGB markets. Based on this thinking, with a view to improvement of market functioning and stability of the JGB markets, the Bank decided, by a 7-1 majority vote, to conduct the outright purchases of JGBs as BOJ: WILL KEEP RAISING POLICY RATE AMID ECONOMIC ACTIVITY, PRICES, FINANCIAL CONDITIONS DEVELOPMENTS ...
From @financialjuice|Jun 15, 2026|2 commentsJapan economy minister Kiuchi: will participate in today's BoJ meeting Japan economy minister Kiuchi: strongly hopes BoJ communicates, collaborates with government to sustainably, stably reach 2% inflation target
From @financialjuice|Jun 10, 2026|11 commentsBoJ's Governor Ueda expected to be absent from the June 15-16th meeting BOJ GOV UEDA HOSPITALIZED ~2 WEEKS, HIMINO TO CHAIR MEETING, UCHIDA TO HOST PRESS CONF
From moneycheck.com|May 11, 2026The conversation surrounding Japan’s monetary policy has evolved beyond simple inflation targeting, as the BOJ confronts mounting concerns about corporate credit conditions. An advisory committee has recommended that central bank officials evaluate funding market dynamics before implementing any policy adjustments. This guidance introduces additional complexity ahead of Tokyo’s June 16 scheduled policy announcement, occurring against a backdrop of escalating energy market challenges. Representatives from Japan’s private sector on the ...
- From boj.or.jp|Apr 27, 2026|8 comments
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a 6–3 majority 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 around 0.75 percent. *BOJ VOTES 6-3 TO KEEP RATES UNCHANGED ... Just in | BOJ Board Members Nakagawa, Takata, and Tamura Vote Against Rate Decision
From pepperstone.com|Apr 27, 2026With Trump pulling JD Vance and his negotiating team from attending diplomatic talks in Pakistan, we initially saw buying in crude and the USD, with mild headwinds to equities. Headlines have since emerged, via Axios, that Iran has offered the US a new proposal to reopen the Strait of Hormuz. This has brought in crude sellers and provided tailwinds to risk assets. This is one to watch closely to see if it has legs. While geopolitical headlines will continue to influence broader macro markets, the scheduled event risk for traders this ...
| Released on Jun 15, 2026 |
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| Released on Apr 27, 2026 |
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