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Statement on Monetary Policy

October 31, 2024
Bank of Japan

At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period:

The Bank will encourage the uncollateralized overnight call rate to remain at around 0.25 percent.


(Reference)

Meeting hours:
  • Wednesday, October 30: 14:00-16:15
  • Thursday, October 31: 9:00-11:41
Policy Board members present:
  • UEDA Kazuo, Chairman (Governor)
  • HIMINO Ryozo (Deputy Governor)
  • UCHIDA Shinichi (Deputy Governor)
  • ADACHI Seiji
  • NAKAMURA Toyoaki
  • NOGUCHI Asahi
  • NAKAGAWA Junko
  • TAKATA Hajime
  • TAMURA Naoki

[Others present]

October 30
From the Ministry of Finance:
TERAOKA Mitsuhiro, Deputy Vice-Minister for Policy Planning and Coordination (14:00-16:15)
From the Cabinet Office:
HAYASHI Sachihiro, Vice-Minister for Policy Coordination (14:00-16:15)
October 31
From the Ministry of Finance:
SAITO Hiroaki, State Minister of Finance (9:00-11:24, 11:29-11:41)
From the Cabinet Office:
AKAZAWA Ryosei, Minister of State for Economic and Fiscal Policy (9:00-11:24, 11:29-11:41)
Release dates and times:
Statement on Monetary Policy -- Thursday, October 31 at 11:48
Outlook for Economic Activity and Prices (Outlook Report)
The Bank's View -- Thursday, October 31 at 11:48
Full text -- Friday, November 1 at 14:00
Summary of Opinions -- Monday, November 11 at 8:50
Minutes of the Monetary Policy Meeting -- Tuesday, December 24 at 8:50