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 commodity demand - lower interest rates decrease carrying costs. Reduced costs to store goods will spur companies to make investments in raw materials, leading to higher inventory levels;
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% |
- Details
Specs
Source:
Measures:
Interest rate levied on excess current account balances held at the BOJ;
Usual Effect:
'Actual' less than 'Forecast' is good for energy prices;
Frequency:
Scheduled 8 times per year;
Derived Via:
BOJ Policy Board members come to a consensus on where to set the rate;
Also Called:
Interest Rates, Uncollateralized Overnight Call Rate;
Acro Expand:
Bank of Japan (BOJ);
Event Type:
Central Bank