Bank of Japan meeting —

At its 31 July 2025 meeting, the Bank of Japan raised its policy rate from 0.25% to 0.50%. The decision passed 9-0.

Decision

hike — 0.25% to 0.50%

Vote: 9-0

Key passages

The Bank will encourage the uncollateralized overnight call rate to remain at around 0.5 percent.

No change, rate stays at 0.5% as expected.

The Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations

Unanimous vote indicates no disagreement, reducing chance of near-term change.

Meeting documents

Background reading

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