On 18 September 2026, the Bank of Japan raised its policy rate to 1.25%, the highest level in 31 years. Ordinary deposit rates at the 3 megabanks will also be raised to 0.5% from 2 November, while developments are expected in the October issuance of Japanese government bonds for retail investors.
The Bank of Japan raised its policy rate to 1.25%, taking it above its previous level. The move is expected to affect mortgage rates and corporate funding costs.
Ordinary deposit rates at the 3 megabanks are scheduled to rise to 0.5% from 2 November, putting deposit-rate trends in focus. Developments have also been reported regarding the October issuance of Japanese government bonds for retail investors.