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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%

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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Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference

Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference=June 16,2026,Tokyo

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Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference

Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference=June 16,2026,Tokyo

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Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference

Bank of Japan Deputy Governor Shinichi Uchida Holds Press Conference=June 16,2026,Tokyo

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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%

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.

E

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

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

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%

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.

E

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 deputy governor in Kochi

Bank of Japan Deputy Governor Shinichi Uchida holds a press conference in the western Japan city of Kochi on July 23, 2025.

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BOJ deputy governor in Kochi

Bank of Japan Deputy Governor Shinichi Uchida attends an event in the western Japan city of Kochi to deliver a speech on July 23, 2025.

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CORRECTED: BOJ deputy governor nominee

Undated photo shows former Financial Services Agency chief Ryozo Himino. Himino and Bank of Japan executive director Shinichi Uchida are being eyed as the central bank's next deputy governors, while former BOJ Policy Board member Kazuo Ueda is eyed as the next governor, a source familiar with the matter said on Feb. 10, 2023.

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New BOJ executive director

Filed photo shows the Bank of Japan's Nagoya branch manager Shinichi Uchida who was promoted to serve as an executive director on April 1, 2018, Tokyo. (Kyodo) ==Kyodo