Overview
Summary of opinions expressed by BOJ Monetary Policy Meeting members. Released approximately 1 week after each meeting.
Meeting summary （published 2026-10-01）
At the September 17-18, 2026 monetary policy meeting, the policy rate was raised from 1.0% to 1.25%, with voting results of 7 in favor and 2 opposed. The economy is recovering gradually despite some weak spots from Middle East conditions. Underlying inflation is approaching the 2% target and is expected to reach levels broadly consistent with the target from late fiscal 2026 through fiscal 2027. Board members expressed views emphasizing the importance of stabilizing inflation at the 2% level amid heightened upward price pressures and rising inflation expectations, with some opinions suggesting acceleration of rate hike pace should upside inflation risks materialize.