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September 19, 2025BANK OF JAPAN MONETARY POLICY On September 19, 2025, the Policy Board of the Bank of Japan decided to maintain their uncollateralized overnight call rate at around 0.5%.
Japan’s economic growth is projected to moderate with a slow in overseas economies and a decline in domestic corporate profits. Thereafter, economic growth is predicted to rise as overseas economies return to a moderate growth path. It remains highly uncertain how trade and other policies will affect overseas economic activity.
Pressure on CPI less fresh food is expected to wane, and underlying CPI is expected to be sluggish due to deceleration in the economy. Medium- and long-term inflation expectations have risen, with a projected sense of labour shortage growth and economic growth.
The Bank of Japan is focused on developments in the financial and foreign exchange markets and their impact on Japan's economic activity and prices.
The Bank will release their next monetary policy statement on October 30, 2025.
Source: Bank of Japan, Statement on Monetary Policy
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