Latest
Minutes of the Monetary Policy Meeting (July 30–31, 2026) AIAI translation
AI These minutes of the Bank of Japan's Monetary Policy Meeting held on July 30 and 31, 2026 record the executive staff's report that the uncollateralized overnight call rate moved in a range of 0.976-0.981% and that monthly purchases of Japanese government bonds were about 2.5 trillion yen in July (about 2.7 trillion yen in June). They also set out reports on domestic and overseas financial and economic conditions, noting that Japan's economy is recovering moderately despite the effects of the Middle East situation, along with the members' assessments of overseas economies and prices.
Minutes of the Federal Open Market Committee, July 28–29, 2026
AI These minutes of the July 28–29, 2026 FOMC meeting report that oil prices rose after Middle East tensions escalated, Treasury yields rose 25 to 30 basis points, and markets priced in a 25 basis point hike by September. The staff review found inflation elevated (total PCE 4.1 percent and core PCE 3.4 percent in May), the unemployment rate at 4.2 percent in June, and real GDP still expanding; the Committee unanimously ratified the Desk's domestic transactions.
Minutes of the Monetary Policy Meeting (June 15–16, 2026) AIAI translation
AI These are the Minutes of the Monetary Policy Meeting held on June 15 and 16, 2026, approved at the July 30–31, 2026 meeting and released on August 5. They record the executive staff's reports on money market operations (the uncollateralized overnight call rate moved in a range of 0.726–0.728%, and purchases of long-term JGBs ran at about 2.7 trillion yen per month) and on financial and economic developments at home and abroad, together with the Board members' discussion of economic and price conditions in light of the Middle East situation and AI-related demand.
Minutes of the Federal Open Market Committee, June 16–17, 2026
AI These are the minutes of the June 16–17, 2026 FOMC meeting. They open with the manager's report on the intermeeting period: oil futures and near-term inflation compensation fell on optimism about a US–Iran memorandum of understanding, while expected policy rates, Treasury yields, the dollar and equities rose. Markets and the Desk survey expected no change in the federal funds rate target range at this meeting, and the Committee unanimously ratified the Desk's domestic transactions, with no foreign currency interventions.
Minutes of the Monetary Policy Meeting (April 27–28, 2026) AIAI translation
AI These are the minutes of the Monetary Policy Meeting held on April 27 and 28, 2026, approved at the June 15 and 16, 2026 meeting and released on June 19. The executive staff reported on money market operations (the uncollateralized overnight call rate moved in a range of 0.726-0.728%, and JGB purchases were about 2.7 trillion yen per month in April) and on domestic and overseas economic and financial conditions, and the members discussed the current state of the economy and prices in light of developments including the Middle East situation.