The Bank of Japan began adjusting its famously loose monetary policy as historically high inflation has hit the country (CNBC, Yahoo [Reuters]). As of the launch of this question, the BOJ's most recently announced uncollateralized overnight call rate was "around 0.5 percent" (Bank of Japan - Statement of Monetary Policy 17 June 2025, Bank of Japan - Monetary Policy Meeting Schedule, see links under "Date of MPM"). If the BOJ announces a range, the question will close using the midpoint of the stated range (e.g., an announced range of 0.5% and 0.6% would close based on 0.55%). Qualified statements on the interest rate (e.g., "around 0.25%") will count as though the statement were unqualified (i.e., "around 0.25%" will be treated simply as "0.25%"). The question will be suspended the calendar day before the BOJ's June 2026 meeting date, and the closing date will be revised once the BoJ's schedule for 2026 is released.

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