{
  "data": {
    "id": "bank-of-japan-2026-01-23",
    "bank": "bank-of-japan",
    "bankName": "Bank of Japan",
    "country": "JP",
    "date": "2026-01-23",
    "announceAt": null,
    "timezone": "Asia/Tokyo",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 0.75,
    "step": 0.25,
    "calendarSource": "https://www.boj.or.jp/en/mopo/mpmsche_minu/index.htm",
    "citation": "BOJ MPM schedule page, 2026 table: Jan. 22 (Thurs.), 23 (Fri.); decision on the second day. The statement's \"Release dates and times\" line gives 12:07 (JST, UTC+9). The BOJ sets no announcement time in advance; the statement is released when the meeting ends, so announceAt is left out.",
    "settleSource": {
      "role": "decision-statement",
      "pattern": "https://www.boj.or.jp/en/mopo/mpmdeci/state_<yyyy>/k<yymmdd>a.htm (to Jan 2026) or https://www.boj.or.jp/en/mopo/mpmdeci/mpr_<yyyy>/k<yymmdd>a.pdf (from Mar 2026), titled \"Statement on Monetary Policy\" or \"Change in the Guideline for Money Market Operations\"",
      "foundAt": "https://www.boj.or.jp/en/mopo/mpmdeci/state_2026/index.htm",
      "example": "https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2026/k260918a.pdf",
      "resolvable": false,
      "reads": {
        "right": 0,
        "wrong": 0,
        "void": 0
      }
    },
    "observed": {
      "at": "2026-01-23T03:07:00Z",
      "rateBefore": 0.75,
      "rateAfter": 0.75,
      "direction": "hold",
      "statement": "https://www.boj.or.jp/en/mopo/mpmdeci/state_2026/k260123a.htm",
      "observed": true
    },
    "page": "https://macroindex.org/bank/bank-of-japan/decision/2026-01-23",
    "account": {
      "summary": "The Bank of Japan kept its short-term policy rate at around 0.75%.",
      "vote": "8–1",
      "dissent": "Takata Hajime proposed raising the rate to around 1.0%, considering that the price stability target had been more or less achieved and that risks to prices were skewed to the upside.",
      "reasons": [
        "The Bank said Japan's economy was likely to keep growing moderately, supported by the government's economic measures and accommodative financial conditions, while affected by trade policies abroad.",
        "It said core CPI inflation (all items less fresh food), recently around 2.5%, was likely to fall below 2% in the first half of 2026 as the effect of higher food prices such as rice faded, while underlying inflation kept rising moderately.",
        "It said risks to both economic activity and prices were generally balanced."
      ],
      "guidance": "The Bank said that if its outlook is realised it will continue to raise the policy rate and adjust the degree of monetary accommodation.",
      "links": [
        {
          "label": "Summary of Opinions",
          "url": "https://www.boj.or.jp/en/mopo/mpmsche_minu/opinion_2026/opi260123.htm"
        },
        {
          "label": "Minutes",
          "url": "https://www.boj.or.jp/en/mopo/mpmsche_minu/minu_2026/g260123.pdf"
        },
        {
          "label": "Outlook Report",
          "url": "https://www.boj.or.jp/en/mopo/outlook/gor2601b.pdf"
        }
      ],
      "readFrom": [
        "https://www.boj.or.jp/en/mopo/mpmdeci/state_2026/k260123a.htm",
        "https://www.boj.or.jp/en/mopo/outlook/gor2601a.pdf"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:39:27.729Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}