The AgendaTrading
Bank of Japan (BOJ) Monetary Policy Meeting
The Bank of Japan holds its final 2026 meeting to set interest rates, with global markets watching closely for any hawkish policy shifts.
Until it begins
- 45
- Days
Time to be confirmed
What it is
The final 2026 gathering of Japan's central bank board convenes to debate the economy and set the policy interest rate. It concludes the central bank's activities for the calendar year.
Why it matters
The BOJ's historic transition away from zero and negative interest rates has been a major source of global market volatility, particularly concerning the unwinding of the yen carry trade. An unexpected hike or hawkish guidance here can drastically impact global liquidity, tech equity markets, and US Treasuries.
What to watch
- 01
Any surprise hike to the uncollateralized overnight call rate.
- 02
Forward guidance on the pace of Japanese government bond (JGB) purchases.
- 03
Market reactions in USD/JPY and corresponding shockwaves in global equities.
