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Page
Policy Rate
Section
API Data Docs
Canonical URL
https://fxmacrodata.com/api-data-docs/jpy/policy_rate
Source
BoJ
Last Updated
2025-06-17

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What Changed

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केंद्रीय बैंक नीति दर (JPY)

केंद्रीय बैंक द्वारा निर्धारित प्राथमिक ब्याज दर।

Latest reading: 0.5 % · Last updated: · Source: BoJ

Category: Monetary Policy

API Endpoint

/api/v1/announcements/jpy/policy_rate

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare केंद्रीय बैंक नीति दर across all supported currencies →

Optional Indicator Availability (JPY)

Optional indicators use per-currency fetcher capability checks and may be temporarily hidden while source coverage is being remediated.

foreign_reserves
Available
cb_assets
Available
inflation_mom
Unavailable Not implemented on this currency fetcher yet.

About केंद्रीय बैंक नीति दर (JPY)

The Japan policy interest rate is the benchmark rate set by the Bank of Japan to influence borrowing costs, credit conditions, and inflation throughout the economy. It is the single most important price in Japan's financial system.

Why FX traders watch it

Policy rate differentials between countries are the primary driver of carry-trade positioning and long-run FX equilibrium. When the Bank of Japan is hiking while others are on hold, the jpy typically appreciates on an interest rate differential basis.

How to interpret the data

A surprise rate hike is jpy-positive; a surprise cut is negative. Forward guidance and the policy statement accompanying each decision are often more market-moving than the rate change itself, as markets are usually well-positioned for the expected move.

Historical केंद्रीय बैंक नीति दर (JPY)

Source: BoJ  ·  ~8x/year  ·  %

Data provided by FXMacroData via the /api/v1/announcements/jpy/policy_rate endpoint. For access, see pricing.

Data Source

Primary Source

BoJ

Official Series ID

FM01-STRACLUCON

Data Format and Properties

Data Frequency

~8x/year

Unit of Measure

%

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "JPY",
    "indicator": "policy_rate",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve केंद्रीय बैंक नीति दर data for JPY from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/jpy/policy_rate?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY

Frequently Asked Questions

How do I get the Bank of Japan policy rate history via API?
Policy rate history for Japan is available at /api/v1/announcements/jpy/policy_rate, with announcement_datetime for every meeting decision.
What happens to the jpy when the Bank of Japan raises rates?
Rate hikes attract capital inflows seeking higher yield, which typically strengthens the jpy in the short run. However, very aggressive hikes can raise recession fears and eventually weaken the currency.

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