Bank of Japan Policy Board Monthly Report (July 2025, Reiwa 7)
Release Overview The Bank of Japan Policy Board Monthly Report for July 2025, Reiwa 7 (Issue 904), released on September 12, 2025, documents personnel changes in the Policy Board, key decisions from Monetary Policy Meetings, and report items.
Personnel Changes On July 1, Reiwa 7 (2025), Kazuyuki Masu assumed the position of Policy Board Member. This appointment followed the completion of tenure by Toyoaki Nakamura on June 30, Reiwa 7.
Monetary Policy Meeting Decisions The Monetary Policy Meeting held on July 30-31 made the following key decisions:
Monetary Market Operations Guidelines: Continuation of current monetary market operations policy Monetary Policy Management: Publication of current monetary policy management guidelines Economic and Price Outlook: Decision on basic views for Economic and Price Outlook (July 2025) Meeting Minutes: Approval of Monetary Policy Meeting minutes for June 16-17, 2025 Meeting Schedule: Determination of Monetary Policy Meeting dates for 2026
Regular Meeting Matters
- Appointment of Deputy Chairman (July 8)
- Approval of Policy Board Monthly Report (June 2025, Reiwa 7) (July 25)
Report Items Important reports were provided during July on the following matters:
- Report on Bank-owned Real Estate (July 8)
- Recent Activities of Compliance Committee (July 18)
- Implementation Status of Business Risk Management and AML/CFT Measures (July 18)
- Regular Report on Financial Institution Business Trends and Risk Status (July 25)
Future Schedule The Policy Board Monthly Report (August-September 2025, Reiwa 7) is scheduled for publication in October.
This monthly report serves as an important official document ensuring transparency of Japan's monetary policy decision-making process and reporting Policy Board activities to the public.