Bank of Japan meeting —
At its 19 March 2025 meeting, the Bank of Japan held its policy rate at 0.25%.
Decision
hold — 0.25% to 0.25%
Key passages
The Bank will encourage the uncollateralized overnight call rate to remain at around 0.5 percent.
Underlying CPI inflation is expected to increase gradually, since it is projected that, with a growing sense of labor shortage, the output gap will improve and medium- to long-term inflation expectations will rise with a virtuous cycle between wages and prices continuing to intensify.
Meeting documents
Background reading
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