BOJ · Kazuo Ueda
Bank of Japan
Policy Rate (O/N Call) · Snapshot 30 Apr 2026, 06:36 am UTC
Next Decision
46d
Next Meeting Pricing
68.8% HIKE
Current Rate
0.75%
12-Month Outlook
+75 bp
PATH OF BOJ POLICY RATE (O/N CALL) OVERNIGHT CALL RATE: MARKET EXPECTATION
| Meeting▲ | Implied | P(Hike) | P(Hold) | P(Cut) | Cum Moves | Δ bp |
|---|---|---|---|---|---|---|
| 16 June 2026 | 0.922% | 68.8% | 31.2% | 0.0% | 0.69 | +17.2 |
| 31 July 2026 | 0.989% | 26.9% | 73.1% | 0.0% | 0.96 | +23.9 |
| 18 Sept 2026 | 1.052% | 25.3% | 74.7% | 0.0% | 1.21 | +30.2 |
| 30 Oct 2026 | 1.158% | 42.1% | 57.9% | 0.0% | 1.63 | +40.8 |
| 18 Dec 2026 | 1.234% | 30.7% | 69.3% | 0.0% | 1.94 | +48.4 |
| 22 Jan 2027 | 1.234% | 0.0% | 100.0% | 0.0% | 1.94 | +48.4 |
| 19 Mar 2027 | 1.407% | 69.2% | 30.8% | 0.0% | 2.63 | +65.7 |
| 30 Apr 2027 | 1.496% | 35.4% | 64.6% | 0.0% | 2.98 | +74.6 |