Bank of Japan meeting —
At its 19 March 2024 meeting, the Bank of Japan raised its policy rate from -0.10% to 0.00–0.10%. The decision passed 7-2. 2 members dissented.
Decision
hike — -0.10% to 0.00–0.10%
Vote: 7-2
Dissenters
- Seiichi Nakamura — preferred hold
- Asahi Noguchi — preferred hold
Key passages
The Bank will encourage the uncollateralized overnight call rate to remain at around 0 to 0.1 percent.
Given the current outlook for economic activity and prices, the Bank anticipates that accommodative financial conditions will be maintained for the time being.
Meeting documents
Background reading
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