Policy rate: around 1.25% (uncollateralized overnight call rate) — raised from around 1.0% on September 18, 2026 by a 7–2 vote. Next decision: Friday, October 30, 2026, with the Outlook Report.
The Bank of Japan’s Policy Board — the Governor, two Deputy Governors and six other members — holds eight two-day Monetary Policy Meetings (MPMs) a year. The table shows the meeting days and the day the decision is announced.
BoJ Monetary Policy Meetings 2026
| Meeting | Decision announced | Also published |
|---|---|---|
| January 22–23 2026 | Fri, Jan 23, 2026 | Outlook Report |
| March 18–19 2026 | Thu, Mar 19, 2026 | |
| April 27–28 2026 | Tue, Apr 28, 2026 | Outlook Report |
| June 15–16 2026 | Tue, Jun 16, 2026 | |
| July 30–31 2026 | Fri, Jul 31, 2026 | Outlook Report |
| September 17–18 2026 | Fri, Sep 18, 2026 | |
| October 29–30 2026 | Fri, Oct 30, 2026 | Outlook Report |
| December 17–18 2026 | Fri, Dec 18, 2026 |
BoJ Monetary Policy Meetings 2027
| Meeting | Decision announced | Also published |
|---|---|---|
| January 21–22 2027 | Fri, Jan 22, 2027 | Outlook Report |
| March 17–18 2027 | Thu, Mar 18, 2027 | |
| April 27–28 2027 | Wed, Apr 28, 2027 | Outlook Report |
| June 10–11 2027 | Fri, Jun 11, 2027 | |
| July 21–22 2027 | Thu, Jul 22, 2027 | Outlook Report |
| September 21–22 2027 | Wed, Sep 22, 2027 | |
| October 28–29 2027 | Fri, Oct 29, 2027 | Outlook Report |
| December 16–17 2027 | Fri, Dec 17, 2027 |
What the Bank of Japan publishes
- Statement on Monetary Policy — released immediately after the meeting ends, with the vote and any dissents.
- Outlook for Economic Activity and Prices (Outlook Report) — at the January, April, July and October meetings; “The Bank’s View” is released right after the meeting and the full text the next business day.
- Summary of Opinions — about a week and a half after each meeting, at 8:50 a.m. JST.
- Minutes — released after the following meeting, at 8:50 a.m. JST.
Because the release time is not fixed, the BoJ decision can land during the Asian morning or early afternoon, which is late evening or overnight in New York. Watch USD/JPY on the Forex page and the Nikkei 225 on the home page.
Frequently asked questions
When is the next Bank of Japan meeting?
The next Monetary Policy Meeting is October 29–30, 2026; the decision and the October Outlook Report are released on Friday, October 30. The last 2026 meeting is December 17–18.
What is the Bank of Japan policy rate?
The Bank guides the uncollateralized overnight call rate to remain at around 1.25%. It raised the rate from around 1.0% at the September 17–18, 2026 meeting, effective September 24.
What time does the BoJ announce its decision?
There is no fixed time. The statement is released as soon as the meeting ends on the second day, often around midday Japan time, and the Governor holds a press conference in the afternoon.
Related calendars
Dates and rates checked against the official sources on October 4, 2026. Central banks occasionally move or add meetings; always confirm on the bank's own website before trading around an event. Source: Bank of Japan Monetary Policy Meetings. Nothing on this page is investment advice. See our Disclaimer.