{"country":"JP","series":"policy-rate","value":1,"unit":"percent","effective_from":"2026-06-17","last_confirmed":"2026-07-20","source":{"name":"Bank of Japan, 'Change in the Guideline for Money Market Operations', Monetary Policy Meeting decision of 16 June 2026 (Policy Board vote 7-1)","url":"https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2026/k260616a.pdf"},"notes":"Guideline wording: 'The Bank will encourage the uncollateralized overnight call rate to remain at around 1.0 percent', effective 2026-06-17; raised from around 0.75 percent by 7-1 vote (Asada dissenting; Governor Ueda absent, Deputy Governor Himino chaired). Complementary deposit facility rate set at 1.0 percent and basic loan rate (complementary lending facility) at 1.25 percent, same date. Normalization path: negative-rate exit to 0-0.1 percent (Mar 2024), 0.25 percent (Jul 2024), 0.5 percent (effective 2025-01-27), 0.75 percent (effective 2025-12-22), 1.0 percent (effective 2026-06-17). The June 2026 statement says the Bank 'will continue to raise the policy interest rate' as conditions allow, so this value is live. Access quirk: BoJ English decision documents are PDF-only; the June 2026 rate change was released as a 'Change in the Guideline' document rather than a titled 'Statement on Monetary Policy' - check both listings at /en/mopo/mpmdeci/state_2026/ when re-verifying.","confidence":"primary","stale":false,"disclaimer":"Independent service, not affiliated with any government. Verify against the cited official source before legal or financial use."}