{
  "data": {
    "id": "bank-of-japan-2026-03-19",
    "bank": "bank-of-japan",
    "bankName": "Bank of Japan",
    "country": "JP",
    "date": "2026-03-19",
    "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: Mar. 18 (Wed.), 19 (Thurs.); decision on the second day. The statement's \"Release dates and times\" line gives 11:46 (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": "2026-03-19T02:46:00Z",
      "rateBefore": 0.75,
      "rateAfter": 0.75,
      "direction": "hold",
      "statement": "https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2026/k260319a.pdf",
      "observed": true
    },
    "page": "https://macroindex.org/bank/bank-of-japan/decision/2026-03-19",
    "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 risks to prices were skewed to the upside because of second-round effects of price rises from overseas.",
      "reasons": [
        "The Bank said Japan's economy had recovered moderately and that core CPI inflation had recently fallen to around 2%, partly because of government measures to reduce households' energy costs.",
        "It said rising tension in the Middle East had made global financial markets volatile and pushed crude oil prices up significantly, and that the effect on underlying inflation warranted attention.",
        "It said underlying CPI inflation was expected to rise gradually and reach a level generally consistent with the 2% target in the second half of the January Outlook Report's projection period."
      ],
      "guidance": "The Bank said that, with real interest rates significantly low, it will continue to raise the policy rate if its January outlook is realised.",
      "quote": "will continue to raise the policy interest 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/opi260319.pdf"
        },
        {
          "label": "Minutes",
          "url": "https://www.boj.or.jp/en/mopo/mpmsche_minu/minu_2026/g260319.pdf"
        }
      ],
      "readFrom": [
        "https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2026/k260319a.pdf"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T21:51:35.986Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}