BoJ Interest Rate Decision, December 2026
The Policy Board announces on Friday, December 18, 2026 at 12:00 PM Tokyo (time estimated). There is no consensus figure yet.
When is the BoJ decision?
- Tokyo
- Fri, Dec 18 · 12:00 PM Tokyo
- New York
- Thu, Dec 17 · 10:00 PM EST
- London
- Fri, Dec 18 · 3:00 AM London
- UTC
- Fri, Dec 18 · 3:00 AM UTC
- Your time
- 3:00 AM UTC
The calendar gives an estimated time for this bank. Check it on the bank's own site.
What is expected
- Consensus
- Not yet
- Previous
- —
- Reading
- No consensus yet
An expected move is already in the price: only the difference between the decision and the expectation tends to move it.
What will the BoJ do?
The split shows once you vote. Voting closes at the announcement, in 50d 4h.
USD/JPY levels to watch before the BoJ decision
Drawn from real 15-minute candles: the nearest standing high and low, where stops rest. A: the spike runs the high, closes back, and the low is next. B: the mirror. Where to look, not a promise: some days one plays and some days neither does. Vote on which one plays: it is settled on the 15-minute candles of the 24 hours after the announcement.
Which play happens on USD/JPY?
The split shows once you vote. Voting closes at the announcement, in 50d 4h.
Last price 157.831. Levels are as of the candle that closed Oct 28, 2026, 10:15 PM UTC UTC; they are not updated until the site is rebuilt, and the vote is settled on the map as it stands at the announcement. This is where to look, not advice.
How the last BoJ decisions moved USD/JPY
Across 14 measured BoJ decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 11 (79%), and in 6 of those price then took the other side within four hours. In the other 3 the first move held. Median move in the first 15 minutes: 28 pips.
| Date | Decision | First side | Closed back | After 60 min |
|---|---|---|---|---|
| Sep 18, 2026 | ▲ hike 1.25% | ▲ 53 pips | No | +48 pips |
| Jul 31, 2026 | ■ hold 1.00% | ▲ 1.7 pips | 5 min | −16 pips |
| Jun 16, 2026 | ▲ hike 1.00% | ▲ 0.3 pips | 5 min | +5.4 pips |
| Apr 28, 2026 | ■ hold 0.75% | ▼ 51 pips | No | −44 pips |
| Mar 19, 2026 | ■ hold 0.75% | ▲ 3.0 pips | 5 min | +2.0 pips |
| Jan 23, 2026 | ■ hold 0.75% | ▲ 6.6 pips | 10 min | −5.4 pips |
Up and down are the pair USD/JPY. A hawkish surprise (a bigger hike, a smaller cut, a hold when a cut was expected) tends to push USD/JPY down, because JPY is its second currency; a dovish one pushes it up.
BoJ December 2026 decision: questions
What time is the BoJ interest rate decision on Dec 18, 2026?
12:00 PM Tokyo Tokyo time on Friday, December 18, 2026, which is 10:00 PM EST in New York and 3:00 AM London in London. The press conference follows at 3:30 PM Tokyo. The time is the calendar's estimate.
What is expected from the BoJ in December 2026?
There is no consensus figure yet. The rate now is —.
How does the BoJ decision move USD/JPY, and what should I watch?
Across 14 measured BoJ decisions since January 2025, the first spike closed back inside the hour-before range within 60 minutes in 11 (79%), and in 6 of those price then took the other side within four hours. In the other 3 the first move held. Median move in the first 15 minutes: 28 pips. The decision against what was expected; the BoJ has surprised markets more often than most banks. Past reactions describe what happened, not what will.
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