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Change in the Guideline for Money Market Operations AIAI translation
AI At its Monetary Policy Meeting on September 18, 2026, the Bank of Japan decided by a 7-to-2 vote to guide the uncollateralized overnight call rate to around 1.25%, and to set the interest rate on the complementary deposit facility at 1.25% and the basic loan rate at 1.5%, effective September 24. It also unanimously decided to switch the lending rate of its climate change-related operations to a floating rate and cap total lending, and stated that it will continue raising the policy interest rate and adjusting the degree of monetary accommodation in line with economic, price and financial developments.
Statement on Monetary Policy AIAI translation
AI At its Monetary Policy Meeting on July 31, 2026, the Bank of Japan decided, by a vote of 8 to 1, that until the next meeting it will encourage the uncollateralized overnight call rate to remain at around 1.0%. Board member Takata proposed raising it to around 1.25%, but the proposal was rejected by a majority.
Change in the Guideline for Money Market Operations AIAI translation
AI At its Monetary Policy Meeting on June 16, 2026, the Bank of Japan decided, by a 7-to-1 vote, to encourage the uncollateralized overnight call rate to remain at around 1.0%, and set the interest rate applied to the complementary deposit facility at 1.0% and the basic loan rate at 1.25%, effective June 17. Judging it appropriate to adjust the degree of monetary easing with a view to sustainably and stably achieving the 2% price stability target, the Bank said it will continue to raise the policy interest rate in line with economic, price and financial developments, with the timing and pace to be considered while closely watching the impact of developments in the Middle East.