Bank of Japan current short-term rate is 0.25%
- Japan's economy recovering moderately, albeit with some weaknesses
- Inflation expectations heightening moderately
- Inflation likely to be at level generally consistent with BOJ's price target in second half of our 3-year projection period through fiscal 2026
- Consumption rising moderately as a trend
- Japan's economy likely to achieve growth above potential
- Must be vigilant to impact of financial, fx market moves on Japan's economy, prices
- Impact of FX volatility on prices has become larger than in the past
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Full text of the statement is here
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Dates ahead for the rest of this year and into H1 of 2025 for the BoJ:
