Statement on Monetary Policy  : 日本銀行 Bank of Japan
Central bank: boj | Type: statement | Date: 2025-07-31

Statement on Monetary Policy
July 31, 2025
PDF Version [PDF 255KB]
The Bank will encourage the uncollateralized overnight call rate to remain at around 0.5 percent.
(Reference)
Meeting hours:
Wednesday, July 30: 14:00-15:51
Thursday, July 31: 9:00-11:50
Policy Board members present:
UEDA Kazuo, Chairman (Governor)
HIMINO Ryozo (Deputy Governor)
UCHIDA Shinichi (Deputy Governor)
NOGUCHI Asahi
NAKAGAWA Junko
TAKATA Hajime
TAMURA Naoki
KOEDA Junko
MASU Kazuyuki
[Others present]
From the Ministry of Finance:
MAEDA Tsutomu, Deputy Vice-Minister for Policy Planning and Coordination (14:00-15:51)
From the Cabinet Office:
HAYASHI Sachihiro, Vice-Minister for Policy Coordination (14:00-15:51)
From the Ministry of Finance:
SAITO Hiroaki, State Minister of Finance (9:00-11:28, 11:34-11:50)
From the Cabinet Office:
SETO Takakazu, State Minister of Cabinet Office (9:00-11:28, 11:34-11:50)
Release dates and times:
Statement on Monetary Policy -- Thursday, July 31 at 11:57
Outlook for Economic Activity and Prices (Outlook Report)
The Bank's View -- Thursday, July 31 at 11:57
Full text -- Friday, August 1 at 14:00
Summary of Opinions -- Friday, August 8 at 8:50
Minutes of the Monetary Policy Meeting -- Thursday, September 25 at 8:50