Bank of Japan

Stories

Bank of Japan's market operations track the unwinding of its easing era

Conducts daily market operations; normalizing policy since March 2024

Every business day the Bank of Japan releases a two-page table showing how it managed the roughly ¥550 trillion that Japanese banks hold on deposit at the central bank. The August 24, 2026 statement is one entry in that record — a routine liquidity operation, unremarkable on its own.

Updated Aug 24

BOJ pushes rates to 0.75%: Japan’s “free money” era starts getting expensive

Rule Changes

Tightening policy and tapering bond purchases after decades of ultra-easy settings

Japan's shift away from ultra-easy money is now colliding with the currency market. After raising rates to 0.75% on December 19, 2025, Governor Kazuo Ueda stressed real rates remain 'very low' or negative and the BOJ will pace tightening while responding flexibly to exceptional long-term yield moves.

Updated May 15