BOJ Rate Decision
Current policy rate (BOJ short-term policy rate)
1.25%
- Since September 24 · +0.25 pp from prior
- Basic loan rate 1.50% · the policy rate is set 0.25 pp below it
- Actual overnight call rate 1.226%
Source: Bank of Japan
Next release date
October 30, 2026 (Fri)
Upcoming releases
- December 18, 2026 (Fri)
- January 22, 2027 (Fri)
- March 18, 2027 (Thu)
- April 28, 2027 (Wed)
- June 11, 2027 (Fri)
- July 22, 2027 (Thu)
Release dates and times are set by the issuing agency and can change. · Schedule source: Bank of Japan — Monetary Policy Meetings schedule (boj.or.jp)
Read alongside: Japan CPI →
Recent history
Uncollateralized overnight call rate| Period | Actual |
|---|---|
| Sep 2026 | 1.23% |
| Aug 2026 | 0.98% |
| Jul 2026 | 0.98% |
| Jun 2026 | 0.98% |
| May 2026 | 0.73% |
| Apr 2026 | 0.73% |
Month-end actual values of the uncollateralized overnight call rate — the market rate the BOJ steers toward its policy rate (BOJ daily series). Source: Bank of Japan · STRDCLUCON · Sep 2026
Key facts
The BOJ (Bank of Japan) policy decision sets Japan's interest rate and asset-purchase policy. Whether it shifts from years of ultra-easy policy toward normalisation is the market's central focus.
- Released by
- Bank of Japan (BOJ)
- Frequency
- 8 times a year
- Category
- Rates & policy
- Assets affected
- JPY · USDJPY · Nikkei
Why the market watches it
The U.S.–Japan rate gap is the key driver of USDJPY, so a BOJ policy change or a Governor comment can move the yen sharply. The irregular release timing adds to the volatility.
How traders read it
The BOJ does not release at a fixed time, so "surprise" moves are common. Read the policy statement together with the Governor's press conference.
Want to see the impact for yourself?
The Merini demo opens without an account: watch real-time charts of gold, oil, FX and more around the release (Nasdaq and S&P futures are delayed 10 minutes until you sign up). Sign up free ($10,000 in virtual funds) only when you want to practise trading. In your browser, no install — a paper simulation.
Open the live charts — no sign-upFrequently asked questions
When is the next BOJ Rate Decision release?
The next BOJ Rate Decision release is scheduled for October 30, 2026 (Fri). Following dates: December 18, January 22, March 18.
Why does the BOJ decision matter for USDJPY?
The yen is heavily driven by the U.S.–Japan rate gap, and BOJ policy is one side of that gap.
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