Bank of Japan meeting —
At its 14 June 2024 meeting, the Bank of Japan raised its policy rate from -0.10% to 0.00–0.10%. The decision passed 8-1. Seiichi Nakamura dissented, preferring a hold.
Decision
hike — -0.10% to 0.00–0.10%
Vote: 8-1
Dissenters
- Seiichi Nakamura — preferred hold
Key passages
The Bank will encourage the uncollateralized overnight call rate to remain at around 0 to 0.1 percent.
The Bank decided, by an 8-1 majority vote, that it would reduce its purchase amount of JGBs thereafter to ensure that long-term interest rates would be formed more freely in financial markets.
Meeting documents
Background reading
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