Statement on Monetary Policy
July 31, 2025
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 0.5 percent.
(Reference)
- Meeting hours:
-
- Wednesday, July 30: 14:00-15:51
- Thursday, July 31: 9:00-11:50
- Policy Board members present:
-
- UEDA Kazuo, Chairman (Governor)
- HIMINO Ryozo (Deputy Governor)
- UCHIDA Shinichi (Deputy Governor)
- NOGUCHI Asahi
- NAKAGAWA Junko
- TAKATA Hajime
- TAMURA Naoki
- KOEDA Junko
- MASU Kazuyuki
[Others present]
- July 30
- From the Ministry of Finance:
MAEDA Tsutomu, Deputy Vice-Minister for Policy Planning and Coordination (14:00-15:51) - From the Cabinet Office:
HAYASHI Sachihiro, Vice-Minister for Policy Coordination (14:00-15:51) - July 31
- From the Ministry of Finance:
SAITO Hiroaki, State Minister of Finance (9:00-11:28, 11:34-11:50) - From the Cabinet Office:
SETO Takakazu, State Minister of Cabinet Office (9:00-11:28, 11:34-11:50)
- Release dates and times:
- Statement on Monetary Policy -- Thursday, July 31 at 11:57
- Outlook for Economic Activity and Prices (Outlook Report)
- The Bank's View -- Thursday, July 31 at 11:57
- Full text -- Friday, August 1 at 14:00
- Summary of Opinions -- Friday, August 8 at 8:50
- Minutes of the Monetary Policy Meeting -- Thursday, September 25 at 8:50