What changed in the Bank of Japan statement —
Bank of Japan raised policy at 0.50%. The vote was 9-0. Read the official statement and the previous release side by side below.
Decision
- Decision: hike
- Policy rate: 0.50%
- Vote: 9-0
Going into the decision
On the day, the committee read as hawkish — 1.5 on a scale where +3 means every member wants higher rates and −3 means every member wants cuts.
Reconstructed from official member remarks published before the decision date. 6 of 9 active members had stored official remarks.
Official statement
May 1, 202 5 Bank of Japan
Statement on Monetary Policy
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:
The Bank will encourage the uncollateralized overnight call rate to remain at around 0 .5 percent.
Reference Meeting hours: Wednesday, April 30: 14:00-15:55 Thursday, May 1: 9:00-11:55 Policy Board members present: UEDA Kazuo, Chairman (Governor) HIMINO Ryozo (Deputy Governor) UCHIDA Shinichi (Deputy Governor) NAKAMURA Toyoaki NOGUCHI Asahi NAKAGAWA Junko TAKATA Hajime TAMURA Naoki KOEDA Junko
[Others present] April 30 From the Ministry of Finance: TERAOKA Mitsuhiro, Deputy Vice-Minister for Policy Planning and Coordination (14:00-15:55) From the Cabinet Office: HAYASHI Sachihiro, Vice-Minister for Policy Coordination (14:00-15:55) May 1 From the Ministry of Finance: SAITO Hiroaki, State Minister of Finance (9:00-11:37, 11:43-11:55) From the Cabinet Office: SETO Takakazu, State Minister of Cabinet Office (9:00-11:37, 11:43-11:55) Release dates and times: Statement on Monetary Policy -- Thursday, May 1 at 12:02 Outlook for Economic Activity and Prices (Outlook Report) The Bank's View -- Thursday, May 1 at 12:02 Full text -- Friday, May 2 at 14:00 Summary of Opinions -- Tuesday, May 13 at 8:50 Minutes of the Monetary Policy Meeting -- Friday, June 20 at 8:50
Related
Full meeting record · Press conference transcript · Previous statement · Next statement
Background reading
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