Economy · Tokyo, Japan · October 29, 2026

Bank of Japan holds rates at 1.25%, says 2% target met

Reported by 3 outlets · first reported Oct 29, 10:08 PM ET

The Bank of Japan kept its policy rate at about 1.25%. It said underlying inflation has reached its 2% target for the first time since it set the goal in 2013. Tokyo prices rose 2.8%.

Why it matters

Japanese borrowing costs and the yen affect global investors and household prices.

Background

Japan spent decades with very low inflation and used ultra-low interest rates to fight it.

The story so far

1. Oct 23Japan's core inflation rises to 2.1%, highest this year
2. Oct 29Bank of Japan holds rates at 1.25%, says 2% target met
3. Oct 30Bank of Japan holds rates, says inflation target met
4. Oct 31Bank of Japan holds rates; Nikkei falls 2.1%
5. Nov 10Bank of Japan signals likely December rate hike

Follow the whole story →

Sources

• CNBC ↗Oct 29, 11:16 PM ET
• Japan Times ↗Oct 29, 11:12 PM ET
• Japan Times ↗Oct 29, 10:08 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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