Bank of Japan leaves interest rate unadjusted at 0.5% as expected
|The Bank of Japan (BoJ) announced on Tuesday to keep the short-term interest rate target steady in the range of 0.4%- 0.5% after ending its two-day monetary policy review meeting.
Bank of Japan (BoJ)
BoJ keeps rates steady, slows JGB taper from Q2 2026
LATEST BOJ MEASURES TO BATTLE INFLATION
Japan’s Trade Negotiator Akazawa: Hopes for a deal with US to spare from higher auto tariffs
|Bloomberg reported Japan's top trade negotiator Ryosei Akazawa saying on Friday that “generally speaking, if we reach a deal it should secure special treatment for Japan, and exclude it from rules that apply to most countries,” when asked about US President Donald Trump’s comments that indicated he’s considering raising tariffs on imported cars further to boost production in the US.
Japan: BoJ to pause hike in June, continue QT – Standard Chartered
|Bank of Japan (BoJ) will hike by 25bps in Q4 on concerns over growth momentum. USD/JPY’s failure to break below 142 on multiple occasions since May raises the risk of a short squeeze.
BoJ’s Ueda: Uncertainty surrounding Japan, overseas economies very high
|A Japanese cabinet official quotes Bank of Japan (BoJ) Governor Kazuo Ueda on Wednesday as the central bank chief attended the meeting on the monthly economic report.
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March meeting review
Ueda Speech: BoJ Governor addresses press conference after holding interest rate
|Bank of Japan (BoJ) Governor Kazuo Ueda explained the reasons behind maintaining the key interest rate at 0.50% during the March meeting in his press conference on Wednesday.
January meeting review
Ueda Speech: BoJ Governor discusses policy outlook after interest rate hike
|Bank of Japan (BoJ) Governor Kazuo Ueda addressed the post-policy meeting press conference on Friday, explaining the reasons behind the 25 basis points (bps) interest rate hike to 0.50% in January.
December meeting review
Ueda Speech: BoJ Governor discusses interest rate outlook at the press conference
|Bank of Japan (BoJ) Governor Kazuo Ueda explains reasons behind keeping interest rates intact at the December meeting while speaking at the post-policy meeting press conference on Thursday.
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Big Picture
What is the BOJ?
The Bank of Japan (BoJ) is the central bank of Japan. Established under the Bank of Japan Act in 1882, it is a juridical entity and neither a government agency nor a private corporation. The BoJ sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.
Policy Board: The Policy Board is the bank's highest decision-making body. It determines the guidelines for currency and monetary control, sets the basic principles for carrying out the bank's operations and oversees the performance of the bank's officers, excluding auditors and counselors.
History: The Bank of Japan was established under the Bank of Japan Act, promulgated in June 1882, and began operating as the nation's central bank on October 10, 1882. It was reorganized in 1942 under the Bank of Japan Act of 1942, which reflected the wartime context. The Act of 1942 was amended several times after World War II, and the establishment of the Policy Board as the bank's highest decision-making body occurred in June 1949. In June 1997, the Act of 1942 was revised completely under the principles of independence and transparency. The revised Act came into effect on April 1, 1998.
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Who is BOJ's Governor?
Kazuo Ueda was born in Makinohara, Japan, on September 20, 1951. He is the 32nd and current Governor of the BoJ. He graduated from the University of Tokyo with a Bachelor of Science and Mathematics and received a PhD in economics from the Massachusetts Institute of Technology (MIT).
He is a professor emeritus at the University of Tokyo and also worked as a professor at Kyoritsu Women's University. In February 2023, former Prime Minister Fumio Kishida nominated Ueda as the governor of the BoJ. He is widely regarded as an expert on monetary policy but was considered a surprise appointment by analysts. He wasn’t even considered a dark-horse candidate, as the BoJ governor role has traditionally gone to long-serving Finance Ministry bureaucrats or central bank officials. Ueda is the first academic economist to lead the BoJ in the post-World War II era.
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The world interest rates table
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.