{
  "data": {
    "id": "bank-of-japan-2026-06-16",
    "bank": "bank-of-japan",
    "bankName": "Bank of Japan",
    "country": "JP",
    "date": "2026-06-16",
    "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: June 15 (Mon.), 16 (Tues.); decision on the second day. The statement's \"Release dates and times\" line gives 12:19 (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": "2026-06-16T03:19:00Z",
      "rateBefore": 0.75,
      "rateAfter": 1,
      "direction": "raise",
      "statement": "https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2026/k260616a.pdf",
      "observed": true
    },
    "page": "https://macroindex.org/bank/bank-of-japan/decision/2026-06-16",
    "account": {
      "summary": "The Bank of Japan raised its short-term policy rate by 25 basis points to around 1.0%, effective 17 June 2026.",
      "vote": "7–1",
      "dissent": "Asada Toichiro dissented, judging that downside risks to production and employment from the Middle East situation outweighed upside risks to prices, and preferred to keep the rate unchanged.",
      "reasons": [
        "The Bank said the economy had developed generally in line with its baseline scenario and that the risk of a significant slowdown appeared to have decreased, helped by government measures and alternative supply sources for raw materials.",
        "It said core CPI inflation was below 2% because of energy-cost measures, but that pass-through of higher crude oil prices in business-to-business transactions and rising inflation expectations created a risk of underlying inflation moving above the 2% target.",
        "It judged that financial conditions would remain accommodative after the increase, with real interest rates negative mainly in the short- to medium-term zone."
      ],
      "guidance": "The Bank said it will continue to raise the policy rate, weighing the timing and pace while monitoring the impact of the Middle East situation.",
      "quote": "Accommodative financial conditions are expected to be maintained after the change in the policy interest rate, continuing to firmly support economic activity.",
      "links": [
        {
          "label": "Summary of Opinions",
          "url": "https://www.boj.or.jp/en/mopo/mpmsche_minu/opinion_2026/opi260616.pdf"
        },
        {
          "label": "Minutes",
          "url": "https://www.boj.or.jp/en/mopo/mpmsche_minu/minu_2026/g260616.pdf"
        }
      ],
      "readFrom": [
        "https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2026/k260616a.pdf"
      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:39:34.465Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
  }
}