Compare official decisions from July 2024, January 2025 and September 2026. The entries distinguish the overnight-rate guideline from market yields and do not imply these were consecutive meetings.
Selected policy decisions through September 18, 2026. Intervening meetings and future rate expectations are omitted.
Dates without a time use the local date of the event.
The Bank of Japan set its uncollateralized overnight call-rate guideline at around 0.25%.
This is the central bank's operational target, not a claim that every household borrowing rate changed by the same amount.
The policy board decided to raise the short-term policy rate to around 0.5%.
The later meeting minutes document the January decision; their publication date is not the decision date.
The Bank of Japan voted 7-2 for an overnight-rate guideline of around 1.25%, effective September 24.
This later decision follows intervening changes not listed here. It is not a single jump directly from 0.5%.
Selected policy decisions through September 18, 2026. Intervening meetings and future rate expectations are omitted.