Goldman Sachs
June 16, 2026
Japan: BOJ Monetary Policy Update
Macro ThematicRates Govt BondsMacro Economic IndicatorsOther
The Bank of Japan raised its policy rate to 1% and confirmed it would continue to adjust monetary accommodation. It also plans to scale back JGB purchases to approximately ¥2 trillion per month by early 2027.
Key Takeaways
- 1.The Bank of Japan raised its policy interest rate by 0.25 pp to 1%.
- 2.The BOJ will maintain its JGB purchase plan, reducing monthly amounts to around ¥2 trillion by Q1 2027.
Table of Contents
- BOTTOM LINE
- MAIN POINTS
- Disclosure Appendix
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Authors
Akira Otani
Securities
Japanese Government Bonds
Themes
Monetary Policy NormalizationInflation Risks
Regions
Asia PacificJapan
