This reports on the monetary policy decisions made at the Bank of Japan's Monetary Policy Meeting announced on July 31, 2025.
Monetary Policy Decision Content
The Bank of Japan decided at the Policy Board and Monetary Policy Meeting held from July 30 to 31 on the money market operation policy until the next Monetary Policy Meeting. Specifically, it was decided unanimously to encourage the uncollateralized overnight call rate to move around 0.5%.
Meeting Details
The meeting was held over two days: July 30 (Wednesday) 14:00-15:51 and July 31 (Thursday) 9:00-11:50. Attendees included Governor Kazuo Ueda, Deputy Governor Ryozo Himino, and nine Policy Board members.
On July 30, Director-General Tsutomu Maeda from the Ministry of Finance and Counselor Yukihiro Hayashi from the Cabinet Office attended, while on July 31, Vice Minister of Finance Hiroaki Saito and Deputy Chief Cabinet Secretary Ryuichi Seto attended.
Scheduled Related Announcements
Multiple announcements are scheduled related to this monetary policy decision. "Monetary Policy Decisions" and "Outlook for Economic Activity and Prices (Summary)" were published at 11:57 on July 31, with "Outlook for Economic Activity and Prices (full text including background explanation)" scheduled for publication at 14:00 on August 1.
The article concludes that the Bank of Japan decided to maintain the uncollateralized call rate at around 0.5%, indicating a continued monetary policy management approach.