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Bank of Japan Decision on January 22, 2027?

Chart

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Outcomes

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Rules

The outcome is decided by the target for the uncollateralized overnight call rate set by the Bank of Japan's Policy Board, as stated in the first paragraph of the Monetary Policy Statement for the Monetary Policy Meeting on January 22, 2027. The statement is typically released between 11:45 AM and 1:00 PM Japan time on that date, which is 8:45 PM to 10:00 PM CT on the previous day (9:45 PM to 11:00 PM CT during daylight saving time). The change is measured in basis points against the target in effect immediately before that announcement, and a decision that leaves the target unchanged counts as no change. The outcome is Yes if the change matches the move specified in the market question, either a direction (raise, no change, or lower) or a specific size of change, and No otherwise. The outcome is decided at 8:45 PM CT (9:45 PM CT during daylight saving time) on the day before January 22, 2027, early resolution does not apply, and if the release is delayed, resolution waits until it is published.

About

The uncollateralized overnight call rate target is a policy interest rate that the Bank of Japan sets for Japan. The measure is the decision the Bank of Japan announces on that target at its Monetary Policy Meeting on January 22, 2027, expressed as the direction and size of any change from the level in effect just before it.

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