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[Breaking News]BOJ lifts policy rate to 31-year high of 1.0%

TOKYO, Japan, June 16 Kyodo - Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day policy-setting monetary meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent. (Kyodo)

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BOJ headquarters

BOJ headquarters

The Bank of Japan headquarters is pictured in Tokyo on June 15, 2026.

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BOJ lifts policy rate to 31-yr high of 1.0%

BOJ lifts policy rate to 31-yr high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day monetary policy meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for medical treatment, decided to lift its key policy rate to a 31-year high of 1.0 percent.

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BOJ lifts policy rate to 31-yr high of 1.0%

BOJ lifts policy rate to 31-yr high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day monetary policy meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for medical treatment, decided to lift its key policy rate to a 31-year high of 1.0 percent.

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BOJ headquarters

BOJ headquarters

The Bank of Japan headquarters is pictured in Tokyo on June 16, 2026. The central bank decided to lift its key policy rate to a 31-year high of 1.0 percent at a two-day policy meeting that ended that day.

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BOJ headquarters

BOJ headquarters

The Bank of Japan headquarters is pictured in Tokyo on June 16, 2026. The central bank decided to lift its key policy rate to a 31-year high of 1.0 percent at a two-day policy meeting that ended that day.

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BOJ lifts policy rate to 31-year high of 1.0%

BOJ lifts policy rate to 31-year high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day policy-setting monetary meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent.

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BOJ lifts policy rate to 31-year high of 1.0%

BOJ lifts policy rate to 31-year high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day policy-setting monetary meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent.

  •  
BOJ lifts policy rate to 31-year high of 1.0%

BOJ lifts policy rate to 31-year high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day policy-setting monetary meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent.

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Deputy Governor Shinichi Uchida arrives at the central bank's headquarters in Tokyo on June 16, 2026, for the second day of a two-day monetary policy meeting. (Pool photo)

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Deputy Governor Shinichi Uchida arrives at the central bank's headquarters in Tokyo on June 16, 2026, for the second day of a two-day monetary policy meeting. (Pool photo)

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BOJ lifts policy rate to 31-yr high of 1.0%

BOJ lifts policy rate to 31-yr high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day monetary policy meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent.

  •  
BOJ lifts policy rate to 31-yr high of 1.0%

BOJ lifts policy rate to 31-yr high of 1.0%

Bank of Japan Deputy Governor Shinichi Uchida speaks at a press conference at the BOJ headquarters in Tokyo on June 16, 2026, following a two-day monetary policy meeting. The central bank, in the absence of Governor Kazuo Ueda who has been hospitalized for treatment of a hepatic cyst infection, decided to lift its key policy rate to a 31-year high of 1.0 percent.

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BOJ headquarters

BOJ headquarters

The Bank of Japan headquarters is pictured in Tokyo on June 16, 2026.

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BOJ chief at event in Tokyo

BOJ chief at event in Tokyo

Bank of Japan Governor Kazuo Ueda speaks at an event hosted by Kyodo News in Tokyo on June 3, 2026.

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BOJ chief at event in Tokyo

BOJ chief at event in Tokyo

Bank of Japan Governor Kazuo Ueda speaks at an event hosted by Kyodo News in Tokyo on June 3, 2026.

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BOJ chief at event in Tokyo

BOJ chief at event in Tokyo

Bank of Japan Governor Kazuo Ueda speaks at an event hosted by Kyodo News in Tokyo on June 3, 2026.

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BOJ-hosted international conference in Tokyo

BOJ-hosted international conference in Tokyo

Donald Kohn, former U.S. Federal Reserve vice chair and senior fellow at the U.S. think tank Brookings Institution, makes a speech during an international conference hosted by the Bank of Japan's Institute for Monetary and Economic Studies at the BOJ headquarters in Tokyo on May 27, 2026.

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BOJ chief at international conference in Tokyo

BOJ chief at international conference in Tokyo

Bank of Japan Governor Kazuo Ueda (R) shakes hands with Donald Kohn, senior fellow at the U.S. think tank Brookings Institution, after making opening remarks at an international conference hosted by the BOJ's Institute for Monetary and Economic Studies at the BOJ headquarters in Tokyo on May 27, 2026.

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BOJ chief at international conference in Tokyo

BOJ chief at international conference in Tokyo

Bank of Japan Governor Kazuo Ueda makes opening remarks during an international conference hosted by the BOJ's Institute for Monetary and Economic Studies in Tokyo on May 27, 2026.

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BOJ chief at international conference in Tokyo

BOJ chief at international conference in Tokyo

Bank of Japan Governor Kazuo Ueda makes opening remarks during an international conference hosted by the BOJ's Institute for Monetary and Economic Studies at the BOJ headquarters in Tokyo on May 27, 2026.

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BOJ chief Ueda meets with PM Takaichi

BOJ chief Ueda meets with PM Takaichi

Bank of Japan Governor Kazuo Ueda meets the press at the premier's office in Tokyo on May 22, 2026, following his talks with Prime Minister Sanae Takaichi.

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BOJ chief Ueda meets with PM Takaichi

BOJ chief Ueda meets with PM Takaichi

Bank of Japan Governor Kazuo Ueda meets the press at the premier's office in Tokyo on May 22, 2026, following his talks with Prime Minister Sanae Takaichi.

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BOJ chief Ueda meets with PM Takaichi

BOJ chief Ueda meets with PM Takaichi

Bank of Japan Governor Kazuo Ueda meets the press at the premier's office in Tokyo on May 22, 2026, following his talks with Prime Minister Sanae Takaichi.

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BOJ chief Ueda meets with PM Takaichi

BOJ chief Ueda meets with PM Takaichi

Bank of Japan Governor Kazuo Ueda meets the press at the premier's office in Tokyo on May 22, 2026, following his talks with Prime Minister Sanae Takaichi.

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Japan's suspected currency intervention

Japan's suspected currency intervention

Photo taken on March 19, 2026, shows the Bank of Japan headquarters in Tokyo. The Finance Ministry and the BOJ likely spent an additional 4 trillion yen during the Golden Week holiday in early May to arrest the yen's further fall following a yen-buying operation on April 30.

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[Breaking News]BOJ policy-setting meeting

TOKYO, Japan, April 28 Kyodo - Bank of Japan Governor Kazuo Ueda holds a press conference at the central bank's headquarters in Tokyo on April 28, 2026, following a two-day policy-setting meeting. (Kyodo)

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda holds a press conference at the central bank's headquarters in Tokyo on April 28, 2026, following a two-day policy-setting meeting.

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda holds a press conference at the central bank's headquarters in Tokyo on April 28, 2026, following a two-day policy-setting meeting.

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on April 28, 2026, for the second day of a two-day policy-setting meeting. (Pool photo)

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BOJ policy-setting meeting

BOJ policy-setting meeting

The Bank of Japan's Policy Board meets at the central bank's headquarters in Tokyo on April 28, 2026, for the second day of its two-day monetary policy meeting, with Governor Kazuo Ueda seated in the center. (Pool photo)

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on April 28, 2026, for the second day of a two-day policy-setting meeting. (Pool photo)

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BOJ policy-setting meeting

BOJ policy-setting meeting

The Bank of Japan's Policy Board meets at the central bank's headquarters in Tokyo on April 28, 2026, for the second day of its two-day monetary policy meeting, with Governor Kazuo Ueda seated in the center. (Pool photo)

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on April 27, 2026, for the first day of a two-day policy-setting meeting.

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on April 27, 2026, for the first day of a two-day policy-setting meeting.

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda arrives at the central bank's headquarters in Tokyo on April 27, 2026, for the first day of a two-day policy-setting meeting.

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BOJ Governor Ueda

BOJ Governor Ueda

Bank of Japan Governor Kazuo Ueda speaks at a press conference after attending a meeting of the Group of 20 finance ministers and central bank governors in Washington on April 16, 2026.

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Meeting of BOJ branch managers

Meeting of BOJ branch managers

The Bank of Japan holds a meeting of its branch managers at the central bank's headquarters in Tokyo on April 6, 2026, with BOJ head Kazuo Ueda in attendance.

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Meeting of BOJ branch managers

Meeting of BOJ branch managers

Bank of Japan Governor Kazuo Ueda attends a meeting of BOJ branch managers at the central bank's headquarters in Tokyo on April 6, 2026.

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Meeting of BOJ branch managers

Meeting of BOJ branch managers

Bank of Japan Governor Kazuo Ueda (C) attends a meeting of BOJ branch managers at the central bank's headquarters in Tokyo on April 6, 2026.

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Meeting of BOJ branch managers

Meeting of BOJ branch managers

Bank of Japan Governor Kazuo Ueda attends a meeting of BOJ branch managers at the central bank's headquarters in Tokyo on April 6, 2026.

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Meeting of BOJ branch managers

Meeting of BOJ branch managers

Bank of Japan Governor Kazuo Ueda attends a meeting of BOJ branch managers at the central bank's headquarters in Tokyo on April 6, 2026.

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BOJ chief addresses lower house session

BOJ chief addresses lower house session

Bank of Japan Gov. Kazuo Ueda (R) speaks during a House of Representatives Budget Committee session in Tokyo on March 30, 2026.

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[Breaking News]BOJ policy-setting meeting

TOKYO, Japan, March 19 Kyodo - Bank of Japan Governor Kazuo Ueda holds a press conference at the central bank's headquarters in Tokyo on March 19, 2026, following a two-day policy setting meeting. (Kyodo)

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda is pictured after attending a press conference at the central bank's headquarters in Tokyo on March 19, 2026, following a two-day policy setting meeting.

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda holds a press conference at the central bank's headquarters in Tokyo on March 19, 2026, following a two-day policy setting meeting.

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda holds a press conference at the central bank's headquarters in Tokyo on March 19, 2026, following a two-day policy setting meeting.

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda holds a press conference at the central bank's headquarters in Tokyo on March 19, 2026, following a two-day policy setting meeting.

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda holds a press conference at the central bank's headquarters in Tokyo on March 19, 2026, following a two-day policy setting meeting.

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BOJ policy-setting meeting

BOJ policy-setting meeting

Bank of Japan Governor Kazuo Ueda holds a press conference at the central bank's headquarters in Tokyo on March 19, 2026, following a two-day policy setting meeting.

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