Japan Central Bank Policy Rate preview: Mar 18, 2027
Japan Central Bank Policy Rate is scheduled for release on Mar 18, 2027. The previous reading was 1.25. This page updates with the official value, chart, and full release history when the publisher releases the data.
- Actual
- --
- Previous
- 1.25
- Forecast
- --
- Next release
- Dec 18, 2026
18 Mar 2027
12:00 Asia/Tokyo
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Japan Central Bank Policy Rate release chart
Readings leading into this release, with this print highlighted. Hover or tap a point for its value.
Japan Central Bank Policy Rate release analysis
What to expect
Japan Central Bank Policy Rate is scheduled for Mar 18, 2027.
The previous reading was 1.25.
Why Central Bank Policy Rate matters for JPY
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 read it
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.
What to watch next
The next Japan Central Bank Policy Rate release is due on Dec 18, 2026 at 12:00 Asia/Tokyo.
- Differentials widening (one central bank diverging from the others)
- Dovish/hawkish surprises versus the rate path priced into OIS
- Forward guidance language shifts even when the rate is unchanged
- Out-of-meeting cuts or hikes (rare, large FX impact)
Get Japan Central Bank Policy Rate data as soon as it is published
This page shows the most recent releases. The API serves the full Japan Central Bank Policy Rate history and every other series we cover, with each row stamped with the time the official source published it.
- Full release history with actual, previous and reference period on every row.
- Publication timestamps on each announcement, so backtests only use data that was public at the time.
- Consensus forecasts joined by announcement ID to measure the surprise.
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Start Free Trial Read the API referenceGET https://api.fxmacrodata.com/v1/announcements/jpy/policy_rate
import requests
resp = requests.get(
"https://api.fxmacrodata.com/v1/announcements/jpy/policy_rate",
headers={"X-API-Key": "YOUR_API_KEY"},
timeout=30,
)
rows = resp.json()["data"]
print(rows[-1])Match this release by announcement_id jpy_policy_rate_2027-03-18. Forecasts for the same release: /v1/predictions/jpy/policy_rate.
Release data snapshot
Citation fields for this announcement.
| Public release ID | jpy_policy_rate_2027-03-18 |
|---|---|
| Release time |
Estimated 2027-03-18 03:00 UTC
|
| Reference period date | 2027-03-18 |
| Actual value | -- |
| Previous value | 1.25 |
| Forecast | -- |
| Surprise | -- |
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More Japan Central Bank Policy Rate releases
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Foreign Exchange Reserves
Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.
Gold Reserves
Quantity of gold held by the central bank as part of its foreign exchange reserves, measured in value terms.
Risk Free Rate
Overnight lending rate between banks.
Common questions about this release
The value, its publication time, the next scheduled date, and the official publisher for Japan Central Bank Policy Rate.
When is the next Japan Central Bank Policy Rate release?
Japan Central Bank Policy Rate is scheduled for release on Mar 18, 2027 at 12:00 Asia/Tokyo.
What is the forecast for this Japan Central Bank Policy Rate release?
The previous reading was 1.25.
Where will the actual Central Bank Policy Rate value be published?
The official value appears on this page and on /api/v1/announcements/jpy/policy_rate as soon as the publisher releases it, together with the surprise versus forecast and the updated chart.
What is the official source for Japan Central Bank Policy Rate?
Bank of Japan publishes the official Central Bank Policy Rate series. FXMacroData stores every release with its announcement timestamp and serves it from the announcements endpoint for this series.
Raw announcement payload
Field names are preserved for traceability and downstream testing.
{}