Intelligence Feed event · Macro · 2026-07-31

    Bank of Japan keeps policy rate at 1.0% and revises growth and core inflation forecasts at July meeting

    Question

    Bank of Japan keeps policy rate at 1.0% and revises growth and core inflation forecasts at July meeting

    Direct answer

    The decision and forecast tweaks initially weakened the yen before suspected intervention, impacting USD/JPY and JGB yields, and driving volatility in Japan equity benchmarks such as Nikkei 225 and TOPIX, as markets reassessed the BoJ's tightening trajectory.

    Original publisher
    Market Ontology
    Evidence through
    2026-07-31
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Bank of Japan keeps policy rate at 1.0% and revises growth and core inflation forecasts at July meeting”, revision 1, evidence through 2026-07-31. https://marketontology.com/market-events/2026-07-31/bank-of-japan-keeps-policy-rate-at-1-0-and-revises-growth-and-core-inflation-for-8133ed

    MACRO
    Bank of Japan keeps policy rate at 1.0% and revises growth and core inflation forecasts at July meeting
    The decision and forecast tweaks initially weakened the yen before suspected intervention, impacting USD/JPY and JGB yields, and driving volatility in Japan equity benchmarks such as Nikkei 225 and TOPIX, as markets reassessed the BoJ's tightening trajectory.
    USD/JPYJAPAN 10Y JGB YIELDNIKKEI 225TOPIX
    Impact
    81
    JUL 31
    SIG
    USD/JPYJAPAN 10Y JGB YIELDNIKKEI 225
    Bank of Japan keeps policy rate at 1.0% and revises growth and core inflation forecasts at July meeting
    The decision and forecast tweaks initially weakened the yen before suspected intervention, impacting USD/JPY and JGB yields, and driving volatility in Japan equity benchmarks such as Nikkei 225 and TOPIX, as markets reassessed the BoJ's tightening trajectory.
    Impact
    The decision and forecast tweaks initially weakened the yen before suspected intervention, impacting USD/JPY and JGB yields, and driving volatility in Japan equity benchmarks such as Nikkei 225 and TOPIX, as markets reassessed the BoJ's tightening trajectory.
    Affected
    USD/JPYJAPAN 10Y JGB YIELDNIKKEI 225TOPIX

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    What happened next

    Price follow-up pending — no stored daily closes for these assets yet.

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    Sources

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