What’s New
- Monetary PolicyHighlights of the Outlook for Economic Activity and Prices (January 2025)
- Research/Studies (Research Paper) The Impact of Negative Interest Rate Policy on Interest Rate Formation and Lending
- StatisticsAmounts Outstanding in the Call Money Market (Jan.)[XLSX 34KB]
- Research/StudiesConsumption Activity Index
- StatisticsMarket Operations by the Bank of Japan (Jan.)[XLSX 75KB]
- StatisticsMonetary Base and the Bank of Japan's Transactions (Jan.)[PDF 133KB]
- StatisticsBank of Japan's Transactions with the Government (Jan.)[PDF 93KB]
- Public RelationsSpeech by Board Member TAMURA in Nagano (Economic Activity, Prices, and Monetary Policy in Japan)
- StatisticsSources of Changes in Current Account Balances (Projections for Feb.)[XLSX 17KB]
- StatisticsJapanese Government Bonds Held by the Bank of Japan[XLSX 28KB]
- Monetary PolicyHighlights of the Outlook for Economic Activity and Prices (January 2025)
- Monetary PolicySummary of Opinions at the Monetary Policy Meeting on January 23 and 24, 2025[PDF 396KB]
- Monetary PolicyQuarterly Schedule of Outright Purchases of Japanese Government Bonds (Competitive Auction Method) (January-March 2025) (Schedule Updates)[PDF 102KB]
- Monetary PolicyTimetable and Schedule of U.S. Dollar Funds-Supplying Operations (February-June 2025)[PDF 80KB]
- Monetary PolicyLoan Disbursement under the Funds-Supplying Operations to Support Financing for Climate Change Responses[PDF 8KB]
- Monetary PolicyMinutes of the Monetary Policy Meeting on December 18 and 19, 2024[PDF 393KB]
- Monetary PolicyOutlook for Economic Activity and Prices (January 2025, full text)[PDF 1,945KB]
- Monetary PolicyAmendment to "Principal Terms and Conditions for the Fund-Provisioning Measure to Stimulate Bank Lending Conducted through the Loan Support Program"[PDF 211KB]
- Monetary PolicyAmendment to "Principal Terms and Conditions of Complementary Deposit Facility"[PDF 203KB]
- Monetary Policy(Reference) Decision at the January 2025 Monetary Policy Meeting[PDF 435KB]
- Public RelationsSpeech by Board Member TAMURA in Nagano (Economic Activity, Prices, and Monetary Policy in Japan)
- Public RelationsSpeech by Deputy Governor HIMINO in Kanagawa (Japan's Economy and Monetary Policy)
- Public RelationsSpeech by Governor UEDA at the Meeting of Councillors of Keidanren (Achievement of the 2 Percent Price Stability Target and Japan's Economy)
- Public RelationsSpeech by Governor UEDA at the Symposium for the 40th Anniversary of the Center for Financial Industry Information Systems on Dec. 4, 2024 (Future of Payments and the Role of Central Banks)
- Public RelationsSpeech by Board Member NAKAMURA in Hiroshima on Dec. 5, 2024 (Economic Activity, Prices, and Monetary Policy in Japan)
- Public RelationsRemarks by Governor UEDA at the Paris Europlace Financial Forum 2024 in Tokyo (Opportunities and Challenges for Financial Intermediation Functions Brought about by Technological Advancements)
- Public RelationsSpeech by Governor UEDA in Nagoya (Japan's Economy and Monetary Policy)
- Public RelationsSpeech by Deputy Governor UCHIDA at the IADI Annual Conference (Challenges to the Financial System during and after the Pandemic and a Way Forward)
- Public RelationsSpeech by Board Member ADACHI in Kagawa on Oct. 16, 2024 (Economic Activity, Prices, and Monetary Policy in Japan)
- Public RelationsSpeech by Board Member NOGUCHI in Nagasaki on Oct. 3, 2024 (Economic Activity, Prices, and Monetary Policy in Japan)
- StatisticsAmounts Outstanding in the Call Money Market (Jan.)[XLSX 34KB]
- StatisticsMarket Operations by the Bank of Japan (Jan.)[XLSX 75KB]
- StatisticsMonetary Base and the Bank of Japan's Transactions (Jan.)[PDF 133KB]
- StatisticsBank of Japan's Transactions with the Government (Jan.)[PDF 93KB]
- StatisticsSources of Changes in Current Account Balances (Projections for Feb.)[XLSX 17KB]
- StatisticsJapanese Government Bonds Held by the Bank of Japan[XLSX 28KB]
- StatisticsCollateral Accepted by the Bank of Japan (End of Jan.)[XLSX 17KB]
- StatisticsBank of Japan Accounts (January 31)
- StatisticsMonetary Base (Jan.)
- StatisticsSources of Changes in Current Account Balances and Market Operations (Jan.)[XLSX 27KB]
- Research/Studies (Research Paper) The Impact of Negative Interest Rate Policy on Interest Rate Formation and Lending
- Research/Studies(BOJ Review) The Bank of Japan's Finances and Simulations for Profits and Capital
- Research/StudiesRegional Economic Report (Summary) (Jan. 2025)
- Research/Studies (Research Paper) Impact of the Fund-Provisioning Measure to Stimulate Bank Lending in Japan
- Research/Studies (Research Paper) Assessing the Long-Term Impact of Monetary Policy
- Research/Studies (Research Paper) On the Balassa-Samuelson Effect in Japan
- Research/Studies (Research Paper) Firms' Interest Payment Burden and Productivity under a Low Interest Rate Environment
- Research/StudiesFinancial System Report Annex "Results of the Cybersecurity Self-Assessment for Regional Financial Institutions (FY2023)"
- Research/Studies (Research Paper) Estimating the Natural Yield Curve in Japan Using a VAR with Common Trends
- Research/Studies(Research Paper) Japan's Unconventional Monetary Policy and the Exchange Rate Dynamics
- Research/StudiesConsumption Activity Index
- Financial SystemSpeech by Exective Director KOUGUCHI Hirohide at the CAFT Workshop(How Will Digitalization Change Japan's Financial Services and Economy?)
- Research/StudiesMeasures of Underlying Inflation
- Research/StudiesDevelopments in Real Exports and Real Imports
- Research/StudiesResults of the 100th Opinion Survey on the General Public's Views and Behavior
- Payments/MarketsNotice of the "Meeting on Market Operations"[PDF 123KB]
- Financial SystemCenter for Advanced Financial Technology (CAFT) 20th Anniversary Workshop -- Digitalization and the Future of Japan's Financial Services --
- Research/StudiesOutput Gap and Potential Growth Rate
- Int'l FinanceRenewal of Bilateral Swap Arrangement between Japan and the Philippines[PDF 356KB]
- Payments/MarketsLiquidity Indicators in the JGB Markets (November)[PDF 2,056KB]
Highlights
The Bank's Market Operations
-
Uncollateralized Overnight Call Rate(average)
%
-
Interest Rate Applied to the Complementary Deposit Facility
0.5%
since January 27, 2025 -
Basic Loan Rate
0.75%
since January 27, 2025 -
Current Account Balances at the Bank of Japan
billion yen
- Next Monetary Policy Meeting Date March 18 and 19, 2025
Note: P indicates preliminary figures