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 |
|---|---|---|---|
| Mar 18, 2025 | <0.50% | <0.50% | <0.50% |
| Jan 23, 2025 | <0.50% | <0.50% | <0.25% |
| 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% |
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- JN BOJ Policy Rate News
From cnbc.com|Mar 18, 2025Japan’s central bank on Wednesday kept its key policy rate steady at 0.5% in a unanimous vote. The move, which was in line with market expectations, comes as the Bank of Japan assesses the potential impact of U.S. President Donald Trump’s protectionist trade policies on its export-reliant economy. “Japan’s economy has recovered moderately, although some weakness has been seen in part,” BOJ policymakers said in a statement, citing “high uncertainties surrounding Japan’s economic activity and prices, including the evolving situation ...
From boj.or.jp|Mar 18, 2025|2 commentsAt 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 around 0.5 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. With an improving trend in corporate profits, business fixed investment has been ona moderate increasing trend. The employment and income situation has improved moderately. Private consumption has been on a moderate increasing trend despite the impact of price rises and other factors. Housing investment has been relatively weak. Public investment has been more or less flat. Financial conditions have been accommodative. On the price front, the year-on-year rate of increase in the consumer price index (CPI, all items less fresh food) has been in the range of 3.0-3.5 percent recently, as services prices have continued to rise moderately, reflecting factors such as wage increases, and as the government's measures to reduce the household burden of higher energy prices have been scaled back, although the effects of a pass-through to consumer prices of cost increases led by the past rise in import prices have waned. Inflation expectations have risen moderately. post: BOJ: JAPAN'S ECONOMY RECOVERING MODERATELY, ALBEIT WITH SOME WEAK SIGNS CONSUMPTION INCREASING MODERATELY AS A TREND INFLATION EXPECTATIONS HEIGHTENING MODERATELY MUST BE VIGILANT TO IMPACT OF FINANCIAL, FX MARKET MOVES ON JAPAN'S ECONOMY EXPECT UNDERLYING INFLATION TO… post: BOJ: RISKS INCLUDE TRADE POLICY OF EACH COUNTRY AND ITS IMPACT ON OVERSEAS ECONOMIES, PRICES post: BOJ: Uncertainties High Over Japan Economy, Prices post: BOJ: JAPAN'S ECONOMY LIKELY TO CONTINUE GROWING ABOVE POTENTIAL
From scotiabank.com|Mar 15, 2025Seriously? This is what is meant by central bank coordination?! No fewer than eleven global central banks will weigh in with policy updates this week including three of the most powerful ones such as the Federal Reserve, Bank of Japan and the Bank of England. Many of them are expected to have less confidence in the path forward and partly because of you-know-who over on Pennsylvania Avenue. What they guided could dominate the week’s market actions and possibly—just possibly—give crazy social media rants a run for their money for a ...
From channelnewsasia.com|Mar 14, 2025|2 commentsThe Bank of Japan is set to keep interest rates steady next week and discuss just how much of a risk the escalating U.S. trade war poses to the export-reliant economy, which will be key to the timing of its next rate hike. The market rout and fears of a global slowdown caused by U.S. President Donald Trump's tariff policy are overshadowing wage and price data showing Japan is making progress towards durably achieving the BOJ's 2 per cent inflation target. Having just raised interest rates in January, the BOJ is set to maintain its ...
From channelnewsasia.com|Mar 13, 2025The Bank of Japan is expected to keep its key interest rate steady at its March 19 meeting, with over two-thirds of economists expecting a 25-basis-point hike to 0.75 per cent in the third quarter, most likely in July, a Reuters poll showed. The survey also found 90 per cent of economists expecting negative or somewhat negative effects on the Japanese economy from U.S. President Donald Trump's tariff policies.The results show the BOJ remains a global outlier in its push for slightly tighter monetary conditions as chaotic U.S. tariff ...
From cnbc.com|Jan 23, 2025|4 commentsThe Bank of Japan hiked rates by 25 basis points Friday to 0.5%, bringing its policy rate to its highest level since 2008, as it seeks to normalize its monetary policy. The move comes in line with expectations from CNBC’s survey from Jan 15-20, which saw an overwhelming majority of economists predict a hike. Following the decision, the Japanese yen weakened marginally to trade at 156.09 against the dollar, while country’s benchmark Nikkei 225 stock index rose 0.59%. Senior BOJ officials, including governor Kazuo Ueda and Deputy ...
- From boj.or.jp|Jan 23, 2025|1 comment
At 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 operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0.5 percent. In accordance with the change in the guideline for money market operations, the Bank decided to change the interest rates applied to its measures, by an 8-1 majority vote. The interest rate applied to the complementary deposit ...
- From brecorder.com|Jan 20, 2025|7 comments
The Bank of Japan is expected to raise interest rates on Friday barring any market shocks when U.S. President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis. A tightening in policy would underscore the central bank’s resolve to steadily push up interest rates, now at 0.25%, to near 1% - a level analysts see as neither cooling nor overheating Japan’s economy. At the two-day meeting ending on Friday, the BOJ is likely to raise its short-term ...
| Released on Mar 18, 2025 |
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| Released on Jan 23, 2025 |
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