Bank of Japan meeting —

At its 16 June 2026 meeting, the Bank of Japan raised its policy rate from 0.75% to 1.00%. The decision passed 7-1. ASADA Toichiro dissented, preferring a hold.

Decision

hike — 0.75% to 1.00%

Vote: 7-1

Dissenters

Key passages

The Bank will encourage the uncollateralized overnight call rate to remain at around 1.0 percent.

Rate hike to 1.0% confirms tightening cycle.

the Bank will continue to raise the policy interest rate and adjust the degree of monetary accommodation

Explicit commitment to future hikes.

Meeting documents

Background reading

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