The Bank of Japan July meeting concludes today

The BOJ does not have a fixed, scheduled time for announcing their monetary policy decision after their meeting

I’ve posted on this before, so just a reminder/refresher for those waiting on the Bank today.

Also, I’ll have some previews to come to add to those I’ve already posted (here is what to expect … spoiler …. nothing!):

As a guide, expect the statement in the 0230GMT to 0330GMT time window. That’s based on past experience.

  • Past experience also suggests that for a meeting where no change in policy will be announced (no change is the expectation today, though they are likely to upgrade their outlook for the Japanese economy) the result will be earlier in that time window than later.

Here are the recent timings of the announcement after the meeting:

2017 so far …

  • 31 January 2017 1156AM Tokyo time, 0256GMT (maintains policy steady)
  • 16 March 2017 1154am Tokyo time, 0254GMT (maintains policy steady)
  • 27 April 2017 1214pm Tokyo time, 0314GMT (maintains policy steady, upgraded economic outlook, pushes out inflation forecasts)
  • 16 June 2017 1154am, 0254GMT (maintains policy steady, maintains economic outlook … boosts its outlook for private consumption)


  • 29 January 12.38pm 0338GMT – added easing (negative interest rate)
  • 15 March 2016 1235pm 0335GMT
  • 28 April 2016 12.01pm 0301GMT
  • 16 June 2016 11.45am 0245GMT
  • 29 July 2016 12.44pm 0344GMT (more easing, added in further ETF purchases)
  • 21 September 2016 1.18pm Tokyo time, 0418GMT (comprehensive review and a stack of new policy moves)
  • 01 November 2016 0254GMT
  • 20 December 2016 0251GMT
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  • 21 January 12.29pm 0329GMT
  • 18 February 11.49am 0249GMT
  • 17 Mar 12.04pm 0304GMT
  • 8 Apr 12.36pm 0336GMT
  • 30 Apr 1.04pm (one day meeting) 0404GMT
  • 22 May 11.49pm 0249GMT
  • 19 Jun 12.04pm 0304GMT
  • 15 Jul 12.18pm 0318GMT
  • 7 Aug 12.18pm 0318GMT
  • 15 Sep 12.07pm 0307GMT
  • 7 Oct 12.00pm 0300GMT
  • 30 Oct 12.22pm (one day meeting) 0322GMT
  • 19 November 2015 12.17pm 0317GMT
  • 18 December 2015 12.51pm – added tiny easing 0351GMT

Oh, and a ps. There is a press conference from Bank of Japan Governor Kuroda after the announcement. there is a scheduled time for that, 0630GMT.

Kuroda enjoying the outlook