Bank of Japan meeting —

At its 30 October 2025 meeting, the Bank of Japan held its policy rate at 0.50%. The decision passed 7-2. 2 members dissented.

Decision

hold — 0.50% to 0.50%

Vote: 7-2

Dissenters

Key passages

The Bank will encourage the uncollateralized overnight call rate to remain at around 0 .5 percent.

Rate decision: unchanged at 0.5%, in line with consensus.

by a 7-2 majority vote

Two dissents signal growing internal pressure for tightening.

Meeting documents

Background reading

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