The Bank of Japan's policy rate, in percent: its guideline for the uncollateralized overnight call rate, daily, as the BIS compiles central bank policy rates (it names the Bank of Japan as its source and posts about a week behind a decision). Read since 2026-10-01; until then this name served the OECD's Japan 3 month interbank rate, which ran above the policy rate. Anchors the carry trade yield differential.
Category: macro. Macro economic indicators track monetary policy, liquidity conditions, and traditional market positioning.
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Used in briefings: Macro Calendar: Releases, Decisions and Auctions, Regime Check
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