Bank of Japan meeting —

At its 31 October 2024 meeting, the Bank of Japan raised its policy rate from -0.10% to 0.25%. The decision passed unanimous.

Decision

hike — -0.10% to 0.25%

Vote: unanimous

Key passages

At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period:

Unanimous vote confirms no dissent; rate decision matches expectations.

The Bank will encourage the uncollateralized overnight call rate to remain at around 0.25 percent.

Explicit rate target unchanged, signaling no near-term policy shift.

Meeting documents

Background reading

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