Sep 18, 2026CORE

Bank of Japan Raises Policy Rate to 1.25%, Highest in 31 Years

Bank of Japan Governor Kazuo Ueda's press conference after the September 18, 2026 monetary policy meeting.

BOJchannel · Bank of JapanJAWatch on YouTube

The Bank of Japan raised its policy rate from 1.0% to 1.25% in a 7-2 vote. The new rate is the highest level since 1995.

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OngoingEconomy · 2022

Japanese Yen Weakness and Monetary Policy Normalization

Tracks Japan's response to persistent yen weakness from its first yen-buying intervention in 24 years in 2022 through the Bank of Japan's exit from negative rates, successive rate hikes, large-scale interventions in 2024 and 2026, and the 2026 joint U.S.-Japan intervention and prospect of further tightening.

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