BOJ decision live: Japan's policy interest rate set to rise to 31-year high

Live updates

1. 3d ago

   BOJ Holds Rates Steady as Yen Rises Amid Treasury Rally

   The Bank of Japan maintained its policy interest rate steady during its October 30 meeting, meeting widespread expectations. Following the central bank announcement, the yen moved higher as the dollar tracked Treasury yields lower. This movement occurred alongside a fresh wave of selling in artificial intelligence shares that triggered a broader flight to safety across financial markets. Officials previously raised the rate in a split 7-2 vote to reach a 31-year high, driven by concerns over high crude oil prices from Middle East conflict and a weak yen presenting upside inflation risks.

   Why it matters

   Central bank policy decisions in Japan carry heavy influence over global bond markets and currency valuations. Market participants closely monitor Tokyo for shifts in monetary policy as wages and inflation continue to climb. Survey data previously indicated that economists anticipated a rate hike by January, with the vast majority projecting a move as early as December.

   What is confirmed

   • The yen inched higher on Friday after the Bank of Japan held rates steady.
   • The dollar tracked Treasury yields lower following a wave of selling in AI shares.

   What to watch next

   • Whether the Bank of Japan raises its policy rate during the December meeting as previously projected by survey data
   • Developments in crude oil prices and Middle East conflict influencing upside inflation risks
   Sources used for this update (6)

   1. economictimes.indiatimes.com — Business News Live, Share Market News - Read Latest Finance News, IPO ...
   2. admiralmarkets.com — Japan's Bond Market Breaks Records: Why JGB Yields Matter Globally
   3. jen.jiji.com — Kazakhstan, Kyrgyzstan and Uzbekistan hold technical talks on Kambarata-1 hydropower plant project
   4. jen.jiji.com — ADB approves first strategic business outlook, projects $104.5 billion in financing by 2029
   5. naga.com — Gold Price Forecast Q4 2026: Will Gold Rate Decrease Below $4,000?
   6. wtaq.com — Yen gains after BOJ, AI jitters drive Treasury rally, weigh on dollar
   confidence 90%
2. 6d ago

   Bank of Japan Expected to Hold Interest Rates at 1.25 Percent

   The Bank of Japan is widely expected to maintain its policy interest rate at 1.25 percent during its upcoming meeting on October 30. Survey data indicates that the vast majority of economists anticipate a subsequent rate hike in December, with all respondents projecting a move by January as wages and inflation continue to climb. Officials previously raised the rate in a split 7-2 vote to reach a 31-year high, driven by concerns over high crude oil prices from Middle East conflict and a weak yen presenting upside inflation risks.

   Why it matters

   The central bank previously lifted borrowing costs to 1.25 percent, marking a 31-year high. Policy board members have debated the pace of tightening, with Junko Koeda urging caution against excessive delays given that underlying inflation is stabilizing around the 2 percent target. Meanwhile, the International Monetary Fund has projected gradual increases toward a neutral setting despite an anticipated economic slowdown.

   What is confirmed

   • The Bank of Japan is expected to hold its policy interest rate at 1.25 percent on October 30.
   • A total of 83 percent of surveyed economists expect a rate hike in December.
   • All survey respondents indicate the central bank will set the stage for a rate hike in December or January as inflation and wages continue to rise.

   What to watch next

   • The official Bank of Japan policy rate decision on October 30
   • Any forward guidance regarding a potential rate hike in December or January
   Sources used for this update (5)

   1. www.abc.net.au — Markets live updates: Wall Street rises as Anthropic IPO plans reveal widening losses
   2. www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Stock markets end largely unchanged amid elevated crude oil prices, selling in bank stocks
   3. www.ebc.com — BOJ Rate Decision: Why a Hold at 1.25% Could Signal a ...
   4. www.cnbc.com — Bank of Japan is expected to hold rates this week — but stay ...
   5. www.theasianbanker.com — AI sell-off drives US Treasury rally as French 10-year yield tops 5%
   confidence 90%
3. 9d ago

   BOJ Rate Decisions and Upcoming Meeting Expectations

   The Bank of Japan previously lifted its policy interest rate to 1.25 percent in a split 7-2 vote to reach a 31-year high. Central bank officials warned that high crude oil prices stemming from Middle East conflict and a weak yen present upside inflation risks. Policy Board member Junko Koeda urged the central bank to avoid excessive caution on future rate hikes because underlying inflation is stabilizing around the 2 percent target. Meanwhile, the International Monetary Fund expects the central bank to continue raising rates gradually toward a neutral setting despite an anticipated economic slowdown, and brokerages anticipate the next move in December.

   Why it matters

   The central bank faces pressure to balance inflation risks against domestic economic conditions. Previous policy adjustments reflect a shifting approach as officials assess whether underlying price trends firmly support the 2 percent target. Observers continue to monitor policy board statements and macroeconomic data to gauge the timing of future adjustments.

   What is confirmed

   • The Bank of Japan previously lifted its policy interest rate to 1.25 percent in a split 7-2 vote, reaching a 31-year high.
   • Policy Board member Junko Koeda stated that underlying inflation is stabilizing around the 2 percent target.
   • The Bank of Japan is widely expected to hold rates steady at its policy meeting on Oct. 30.

   Still unconfirmed

   • Brokerages anticipate the next rate move will occur in December.

   What to watch next

   • The Bank of Japan policy meeting on Oct. 30, 2026
   • Upcoming policy board votes on whether the underlying inflation rate has reached the 2 percent target
   Sources used for this update (5)

   1. www.japantimes.co.jp — BOJ - Tag - The Japan Times
   2. www.topstep.com — Topstep Weekly Market Kickoff: July 7, 2026
   3. jen.jiji.com — How much must the world cut emissions to return to 1.5°C?
   4. mainichi.jp — BOJ to decide at next week's meeting whether 2% inflation ...
   5. www.japantimes.co.jp — BOJ likely to keep hiking rates every quarter, ex-official ...
   confidence 95%
4. 12d ago

   BOJ Rate Hike Follows September Move to 31-Year High

   The Bank of Japan lifted its policy interest rate to 1.25 percent in a split 7-2 vote, achieving a 31-year high. Central bank officials warned that high crude oil prices from Middle East conflict and a weak yen pose upside inflation risks. Policy Board member Junko Koeda stated that underlying inflation is stabilizing around the 2 percent target, urging the central bank to avoid excessive caution on future rate hikes. The International Monetary Fund expects the central bank to continue raising rates gradually toward a neutral setting despite an anticipated economic slowdown, while brokerages anticipate the next move in December.

   Why it matters

   The central bank shifted its focus to preventing inflation from overshooting after lifting rates in September. Governor Kazuo Ueda noted that the Japanese economy is broadly in line with its outlook since the September policy decision. Financial markets continue to monitor global energy price volatility and currency fluctuations as policymakers weigh further tightening.

   What is confirmed

   • The Bank of Japan raised its policy interest rate to 1.25 percent on a split 7-2 vote, reaching a 31-year high.
   • Policy Board member Junko Koeda stated that underlying inflation is stabilizing around the 2 percent target.
   • Bank of Japan Governor Kazuo Ueda stated that Japan's economy is broadly in line with the outlook since September.

   Still unconfirmed

   • Brokerages expect the next Bank of Japan rate hike in December, with further tightening anticipated.

   What to watch next

   • Any official announcements from the Bank of Japan regarding a December rate decision.
   • Developments in crude oil prices and Middle East conflict impacting inflation risks.
   • Movements in the value of the yen affecting monetary policy adjustments.
   Sources used for this update (4)

   1. help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
   2. gianlucabenigno.substack.com — Central Bank Commentary (September-26): Federal Reserve, Bank of England, Bank of Japan, and the Swiss National Bank
   3. finance.yahoo.com — Factbox-Brokerages expect next BOJ rate hike in Dec, further ...
   4. mainichi.jp — Japan economy broadly in line with outlook since Sept ...
   confidence 90%
5. 15d ago

   Bank of Japan Lifts Rate to 1.25 Percent as Inflation Risks Grow

   The Bank of Japan raised its policy interest rate to 1.25 percent on a split 7-2 vote, reaching a 31-year high. Central bank officials warned that elevated crude oil prices driven by the Middle East conflict and a weak yen create significant upside risks for inflation. Policy Board member Junko Koeda stated that underlying inflation is stabilizing around the 2 percent target and urged the central bank to avoid excessive caution regarding future rate hikes. Meanwhile, the International Monetary Fund expects the central bank to continue raising rates gradually toward a neutral setting despite an anticipated economic slowdown.

   Why it matters

   The recent rate increases reflect a departure from decades of aggressive monetary easing as Japan faces mounting price pressures. Policymakers must balance the need to combat inflation driven by external factors like commodity costs against the risks of suppressing economic growth. The division among board members highlights ongoing debate over the pace and timing of future adjustments.

   What is confirmed

   • The Bank of Japan lifted its policy rate to 1.25 percent on a split 7-2 vote.
   • Junko Koeda stated that underlying inflation is gradually stabilizing at around the Bank of Japan's 2 percent target.
   • The International Monetary Fund expects the Bank of Japan to raise interest rates gradually toward a neutral setting.

   Still unconfirmed

   • Strategists anticipate a continued rally in AI and chip sectors due to strong long-term earnings potential.

   What to watch next

   • The upcoming Bank of Japan policy board meeting scheduled for October 29-30.
   • Further announcements regarding additional rate hikes and policy adjustments.
   Sources used for this update (8)

   1. economictimes.indiatimes.com — bank of japan news: Latest News & Videos, Photos about bank of japan ...
   2. www.thedailystar.net — Bank of Japan lifts policy rate to 31-yr high | The Daily Star
   3. www.tradingnews.com — Gold Fails at $4,218 as Fed Hike Odds Hit 85% for December — $4,109.90 Low Now in Focus
   4. mainichi.jp — BOJ's Sato backs gradual rate hikes despite opposing Sept ...
   5. finance.yahoo.com — IMF expects gradual BOJ rate hike towards neutral setting
   6. www.policyrix.com — Bank of Japan Lifts Its Rate to 1.25% on a Split 7-2 Vote and ...
   7. finance.yahoo.com — BOJ policymaker warns against being overly cautious on rate ...
   8. www.nippon.com — BOJ's Koeda Says Underlying Inflation Stabilizing at 2 Pct
   confidence 95%
6. 23d ago

   Bank of Japan Maintains Overnight Call Rate at 1.25 Percent

   The Bank of Japan will encourage the uncollateralized overnight call rate to remain at around 1.25 percent. Price increases driven by higher raw material costs are spreading to consumer goods, with some firms hiking prices more often. Meanwhile, new policymaker Ayano Sato expressed support for raising interest rates in several stages, highlighting awareness among dovish board members of the need to combat inflation risks. Japanese government bond yields declined as they tracked softer global yields, while the 10-year Japanese government bond yield fell to 3.085 percent and the 30-year yield dropped to 4.205 percent.

   Why it matters

   Japan has left the zero-rate world, ending decades of ultra-cheap money that made the yen a predominant carry trade funding currency for global investors. For three decades leading up to November 2025, the monthly average of the overnight call rate steered by the Bank of Japan never rose above 0.55 percent, and sat below 0.3 percent for most of those 362 months. This historic shift is now reshaping the yen carry trade, global leverage, bond flows, and the cost of capital.

   What is confirmed

   • The Bank of Japan will encourage the uncollateralized overnight call rate to remain at around 1.25 percent.
   • Bank of Japan policymaker Ayano Sato supports raising interest rates in several stages.
   • The 10-year Japanese government bond yield fell to 3.085 percent.
   • The 30-year Japanese government bond yield dropped to 4.205 percent.

   Still unconfirmed

   • Investors remained divided over how tighter Bank of Japan policy could influence longer-term bond yields and market expectations.

   What to watch next

   • Upcoming central bank policy decisions and future rate path announcements.
   • Further movements in long-term Japanese government bond yields and currency valuations.
   Sources used for this update (12)

   1. www.boj.or.jp — Home : 日本銀行 Bank of Japan
   2. boj.org.jm — Bank of Jamaica Website » Bank of Jamaica
   3. www.youtube.com — Boj - Official TV Show - YouTube
   4. en.wikipedia.org — Bank of Japan - Wikipedia
   5. www.youtube.com — Full Episodes | Boj - YouTube
   6. www.indrastra.com — Japan Has Left the Zero-Rate World. What Happens to the Yen ...
   7. economictimes.indiatimes.com — RBI Policy Meeting 2026 Live: Repo rate hike or status quo? All eyes on Governor Sanjay Malhotra as RBI MPC decision looms
   8. www.boj.or.jp — Speeches and Statements : 日本銀行 Bank of Japan
   9. www.channelnewsasia.com — BOJ's dovish dissenter signals support for future rate hikes - CNA
   10. www.mitrade.com — 2.0%: Germany's Industrial Production rises faster-than-expected in August
   11. economictimes.indiatimes.com — boj news News and Updates from The Economic Times - Page 1
   12. www.aol.com — Bank of Japan sees broadening inflationary pressure - AOL
   confidence 100%
7. 27d ago

   BOJ Rate Path and Inflation Pressures Drive Yield Shifts

   Japanese government bond yields climbed across most maturities as investors weighed inflation risks and the timing of further central bank tightening. Bank of Japan Governor Ueda stated that underlying inflation is nearing the target, keeping a December rate hike firmly in play. Meanwhile, Deputy Governor Uchida noted that artificial intelligence demand could alter natural interest rates while warning that rising asset prices risk market corrections if anticipated returns fail. Domestic investors are slowly shifting funds back into local assets as yields improve, though uncertainty about the future rate path limits larger repatriation flows.

   Why it matters

   The central bank recently moved borrowing costs to 1.25 percent, marking a 31-year high for the policy rate. Tokyo inflation continues to fuel expectations for additional tightening, creating a shifting dynamic for Japanese assets. Concurrently, broader market conditions remain influenced by global debt trends, including rising US Treasuries.

   What is confirmed

   • Japanese government bond yields rose across most maturities following US Treasuries higher as investors weighed inflation risks and Bank of Japan rate-hike timing.
   • Bank of Japan Governor Ueda stated that underlying inflation is nearing the central bank's target.
   • Deputy Governor Uchida suggested that robust demand for artificial intelligence might alter Japan's natural interest rates.

   Still unconfirmed

   • The Bank of Japan could raise interest rates every three months and take its policy rate to 2% by June 2027 as inflation pressures build, according to former BOJ board member Makoto Sakurai.
   • Higher fuel costs, a weaker yen and strong AI-related demand could push Japanese inflation above 3% through early 2027.

   What to watch next

   • Decisions regarding a potential December rate hike
   • Official inflation data releases tracking the 2 percent target
   • Shifts in Japanese government bond yields and repatriation flows
   Sources used for this update (3)

   1. economictimes.indiatimes.com — boj rate decision: Latest News & Videos, Photos about boj ...
   2. investinglive.com — BOJ governor Ueda says inflation nearing 2% as December rate hike stays firmly in play
   3. economictimes.indiatimes.com — boj news: Latest News & Videos, Photos about boj news | The ...
   confidence 95%
8. 29d ago

   Bank of Japan policy rate reaches 31-year high

   The Bank of Japan raised its policy interest rate to 1.25%, a 25 basis point increase from 1.00%. This move marks the highest borrowing cost in 31 years. While 10-year Japanese government bond yields fell to mid-September levels following the decision, Tokyo inflation continues to fuel expectations for further tightening. These domestic shifts occur as the US dollar index remains strong, reaching 101.40 on Thursday.

   Why it matters

   Monetary tightening in Japan aims to combat rising inflation in Tokyo. The shift impacts global currency markets and government bond yields. Investors are monitoring how these rate hikes balance against a strong US dollar.

   What is confirmed

   • The Bank of Japan increased its policy interest rate by 25 basis points from 1.00% to 1.25%.
   • The current policy interest rate is at a 31-year high.
   • The US dollar index reached 101.40 on Thursday.

   What to watch next

   • Future Bank of Japan monetary policy meetings
   • Tokyo inflation data reports
   Sources used for this update (2)

   1. www.thehindubusinessline.com — Stock Market Highlights, Oct 1: Sensex falls 571 points, Nifty slips 0.88% as auto stocks drag markets - ....
   2. www.oanda.com — How to trade EUR/JPY | OANDA TMS
   confidence 100%
9. 31d ago

   BOJ Rate Hike to 1.25% Spurs Further Tokyo Inflation Pressures

   The Bank of Japan increased its policy interest rate by 25 basis points from 1.00% to 1.25% during its September monetary policy meeting, pushing borrowing costs to a 31-year high. Following the rate increase, Japanese government bond yields experienced a notable decline on Friday, with the 10-year yield dropping to levels not seen since mid-September. Meanwhile, rising inflation in Tokyo continues to drive forecasts for additional monetary tightening, even as broader currency markets contend with a persistently strong US dollar index that reached 101.40 on Thursday.

   Why it matters

   This policy adjustment aligns Japan with global monetary tightening trends observed in regions like the US and Europe. Despite the recent rate hike by the central bank, analysts and market participants monitor ongoing currency weakness and mounting inflation risks closely. The shifting interest rate environment also impacts global bond market stability and alters cross-border capital flows.

   What is confirmed

   • The Bank of Japan raised its policy rate from 1.00% to 1.25% in its September monetary policy meeting, marking a 25 basis point increase.
   • Japanese government bond yields saw a significant drop on Friday, as the 10-year yield fell to levels not recorded since mid-September.
   • The US Dollar Index reached 101.40 on Thursday, its highest since late July.

   Still unconfirmed

   • The Bank of Japan could raise rates to 2% by June 2027 as inflation risks mount according to Sakurai.

   What to watch next

   • Additional announcements or decisions from the Bank of Japan regarding subsequent rate hikes
   • Further movements in Tokyo inflation data
   • Shifts in the US Dollar Index and USD/JPY exchange rate trends
   Sources used for this update (8)

   1. www.boj.or.jp — News List : 日本銀行 Bank of Japan
   2. economictimes.indiatimes.com — Global Market: BOJ could raise rates to 2% by June 2027 as inflation risks mount: Sakurai
   3. www.mitrade.com — US Dollar Index extends its winning streak as Fed speakers line up behind hikes
   4. www.gate.com — BOJ Raises Rate to 1.25%, 31-Year High, Yet Yen Weakness to ...
   5. www.bitget.com — Algorand Calculator: Convert Algorand (ALGO) to Japanese Yen (JPY)
   6. www.bitget.com — Shiba Inu coin Calculator: Convert Shiba Inu coin (SHIB) to Japanese Yen (JPY)
   7. economictimes.indiatimes.com — boj interest rate decision today live: Latest News & Videos ...
   8. en.sedaily.com — Foreign Investors Dump 135 Trillion Won in Five Months, Targeting Samsung and SK hynix - Seoul Economic D....
   confidence 90%
10. 35d ago

    Japan's policy interest rate rises to 31-year high

    The Bank of Japan increased its policy interest rate to 1.25%, the highest in 31 years, to combat rising prices. Governor Ueda stated that future rate hikes will likely occur at a slower pace. This policy shift mirrors monetary tightening trends in Europe and the US. The rate hike has impacted currency markets, with USD/JPY trading near 158.

    Why it matters

    The Bank of Japan's decision reflects its priority on price stability amid rising inflation. The global economic landscape is characterized by monetary tightening in major economies. Japan's policy shift has significant implications for currency markets and the economy.

    What is confirmed

    • The Bank of Japan increased its policy interest rate to 1.25%.
    • The rate hike is the highest in 31 years.
    • USD/JPY trades near 158.
    • Kazakhstan plans to produce a record 825,000 tons of jet fuel in 2026.

    What to watch next

    • The Bank of Japan's future policy decisions
    • USD/JPY exchange rate movements
    • Global economic trends
    Sources used for this update (6)

    1. note.com — [USD/JPY] Interest rate differentials remain intact despite a 2-yen pullback | Is verbal intervention only temporary?
    2. jen.jiji.com — Kazakhstan boosts jet fuel production as output reaches 591,000 tons in eight months
    3. jen.jiji.com — Kazakh President awards Elena Rybakina Barys Order, III degree
    4. www.thehindubusinessline.com — Stock Market Highlights, Sept 28: Sensex tanks 1,124 points, Nifty ends below 22,800 - The HinduBusinessL....
    5. www.markets.com — USD/JPY Climbs Above 158 as US Yield Surge Revives the Risk of Intervention Near 160 - markets.com
    6. www.mitrade.com — Euro weakens against Canadian Dollar amid German political turmoil, higher oil prices
    confidence 90%
11. 37d ago

    Bank of Japan raises policy rate to 31-year high

    The Bank of Japan increased its policy interest rate to 1.25% to combat rising prices. This marks the highest rate in 31 years. Governor Ueda stated that future rate hikes will likely occur at a slower pace. This policy shift mirrors monetary tightening trends currently active in Europe and the United States. While inflation dipped slightly before the decision, the bank is prioritizing price stability.

    Why it matters

    Japan has long maintained ultra-low interest rates to stimulate growth. This transition to higher rates signals a shift in the country's long-term economic strategy. Investors are monitoring how this affects currency value and borrowing costs.

    What is confirmed

    • The Bank of Japan set the policy interest rate at 1.25%.
    • This is the highest policy rate in 31 years.

    Still unconfirmed

    • 31 out of 33 industry sectors rose in the Tokyo market on September 25.

    What to watch next

    • Upcoming inflation data reports
    • Further guidance from Governor Ueda on the timing of the next rate hike
    Sources used for this update (2)

    1. coinpedia.org — Short News
    2. note.com — [YUTO's Market Notes] September 25: Nikkei 225 rises 850 yen for 5th consecutive day; Kobayashi Pharmaceutical hits daily limit high
    confidence 90%
12. 44d ago

    Bank of Japan policy rate reaches 31-year high of 1.25%

    The Bank of Japan increased its policy interest rate to 1.25%, the highest level in 31 years. This action aims to counter rising prices despite a slight dip in inflation immediately preceding the announcement. Governor Ueda indicated that the pace of any subsequent rate increases will slow. The move aligns Japan with a broader global trend of monetary tightening seen in the United States and Europe.

    Why it matters

    Japan has historically maintained very low interest rates to stimulate growth. This shift toward tightening reflects a change in strategy to stabilize the economy against price volatility.

    What is confirmed

    • The Bank of Japan raised its policy interest rate to 1.25%.
    • The current rate is the highest in 31 years.

    What to watch next

    • Future rate hike announcements from Governor Ueda
    • Inflation data reports from Japan
    Sources used for this update (3)

    1. ny1.com — Man arrested in fatal shooting of 12-year-old Bronx boy, NYPD says
    2. www.afr.com — ASX to resume sell-off as traders eye three RBA rate rises
    3. en.sedaily.com — Japan Raises Policy Rate to 1.25%, Highest in 31 Years
    confidence 100%
13. 45d ago

    Bank of Japan raises interest rates to 31-year high

    The Bank of Japan increased its policy interest rate from 1% to 1.25% to combat the effects of rising prices. This move brings the rate to its highest level in 31 years. The decision follows a trend of monetary tightening by the European Central Bank and the US Federal Reserve. While Japan experienced a slight slowdown in inflation just before the decision, the bank proceeded with the hike to curb the impact of price increases.

    Why it matters

    Japan is shifting away from long-term easy-money policies designed by previous architects of its monetary system. The bank faces simultaneous pressure from domestic inflation and economic conditions in the United States.

    What is confirmed

    • The Bank of Japan raised interest rates to a 31-year high.
    • The policy interest rate increased from 1% to 1.25%.

    Still unconfirmed

    • Japan's inflation slowed slightly before the rate hike.

    What to watch next

    • Future rate adjustment decisions by the Bank of Japan
    • Changes in inflation data following the rate hike
    Sources used for this update (6)

    1. CNBC — BOJ expected to hike rates by 25 basis points to fresh three-decade high: CNBC survey
    2. The New York Times — Architects of Japan’s Easy-Money Policies Are Changing Their Minds
    3. Reuters — BOJ decision live: Japan's policy interest rate set to rise to 31-year high
    4. Japan Today — Bank of Japan set to raise rates under pressure from inflation, U.S.
    5. Bloomberg.com — Japan Inflation Slows a Tad Ahead of Expected BOJ Rate Hike
    6. www.theguardian.com — Japan raises interest rates to 31-year high to curb impact of rising prices
    confidence 90%