Bank of Japan policy-rate history
Japan's Uncollateralized overnight call rate. The page separates the rate's effective date, source coverage, successful retrieval time and official decision evidence.
Updated Uncollateralized overnight call rate effective 24 Sept 2026
Uncollateralized overnight call rate
1.25%
Direct source observation
Previous observation
1.00%
Effective 17 Jun 2026
Last verified change
+0.25 pp (+25 bp)
hike effective 24 Sept 2026
Next meeting
30 Oct 2026
Scheduled monetary policy decision
Latest data: Sep 28, 2026
Rate effective 24 Sept 2026 (Official effective date). Currency: JPY.
Last successful source retrieval: 28 Sept 2026, 03:34 UTC.
Previous 12 months
Complete twelve-month coverage is available. Counts include verified transitions in the available period.
Verified changes
3
3 hikes · 0 cuts · 0 source-confirmed holds
Net rate change
+0.75 pp (+75 bp)
Year-over-year difference +0.75 pp (+75 bp)
Highest observed rate
1.25%
24 Sept 2026
Lowest observed rate
0.50%
27 Jan 2025
Days since last change
4
Based on a verified rate transition
Meeting time zone: Asia/Tokyo. Calendar last verified 25 Sept 2026, 13:49 UTC. Bank of Japan Monetary Policy Meeting schedule
Meeting-calendar updates are temporarily paused. The date shown may not include a recent official revision.
Policy-rate history
Historical observations use the published instrument and source dates shown below. Coverage begins 21 Mar 2024.
Policy changes
Decision labels identify whether the source stated the outcome or the rate history implies a transition.
Data basis: Official overnight policy target; historical target bands remain explicitly bounded. Comparison series: BIS central-bank policy rate series where direct historical coverage is unavailable..