Central bank minutes · Japan

Japan BoJ Monetary Policy Meeting Minutes

The Japan BoJ Monetary Policy Meeting Minutes is the written account of the Bank of Japan's latest policy meeting: the arguments made, the risks discussed and how members voted.

Importance
High
Next release
Currency
JPY · Japanese yen
Central bank
The Bank of Japan

Latest figures

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Why it matters

The decision itself is known weeks earlier; the minutes show how close the committee was to a different decision and what would change its mind. Traders scan them for hints about the next move in the short-term policy rate, so a more hawkish or dovish tone than expected moves the Japanese yen and short-term bond yields.

How it is calculated

There is no figure. The central bank's staff write a summary of the meeting, approved by the members and published on a set date (three weeks after the meeting for the Fed, four for the ECB's accounts).

What changes mean

  • Count the references to inflation risks against growth risks.
  • "Many" or "most" members holding a view means more than "a few" or "some".
  • Disagreement in the committee often foreshadows a change of direction.

Higher than expected: A more hawkish tone than expected tends to lift the Japanese yen and short-term yields.

Lower than expected: A more dovish tone than expected tends to weaken the Japanese yen and lower short-term yields.

A short history

The Federal Reserve began publishing FOMC minutes with a delay of three weeks in 2005 (it used to wait for the next meeting); the Bank of England publishes minutes with each decision since 2015, and the ECB began publishing accounts of its meetings in 2015.

Questions

What is the Japan BoJ Monetary Policy Meeting Minutes?

The Japan BoJ Monetary Policy Meeting Minutes is the written account of the Bank of Japan's latest policy meeting: the arguments made, the risks discussed and how members voted.

When is the next Japan BoJ Monetary Policy Meeting Minutes?

On Wednesday 4 November 2026 at 23:50 UTC.

Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.