Bank of Japan 2027: All 8 Monetary Policy Meetings
The Bank of Japan will hold eight monetary policy meetings in 2027, all over two days. The decision is released when the second day ends, with no fixed time; since it is daytime in Tokyo, it usually lands overnight in New York. Four of them bring the Outlook Report with its forecasts: January, April, July and October.
All 8 BoJ meetings in 2027
- January21-22Friday
With the Outlook Report - March17-18Thursday
- April27-28Wednesday
With the Outlook Report - June10-11Friday
- July21-22Thursday
With the Outlook Report - September21-22Wednesday
- October28-29Friday
With the Outlook Report - December16-17Friday
| Meeting | Decision | Report |
|---|---|---|
| October 29-30, 2026 | Friday, when the meeting ends | Yes |
| December 17-18, 2026 | Friday, when the meeting ends | No |
| January 21-22, 2027 | Friday, when the meeting ends | Yes |
| March 17-18, 2027 | Thursday, when the meeting ends | No |
| April 27-28, 2027 | Wednesday, when the meeting ends | Yes |
| June 10-11, 2027 | Friday, when the meeting ends | No |
| July 21-22, 2027 | Thursday, when the meeting ends | Yes |
| September 21-22, 2027 | Wednesday, when the meeting ends | No |
| October 28-29, 2027 | Friday, when the meeting ends | Yes |
| December 16-17, 2027 | Friday, when the meeting ends | No |
Includes the two meetings left in 2026.
What is released
- The decision on the policy interest rate and, where relevant, on bond purchases.
- In January, April, July and October, the Outlook Report: the Bank’s view on the day and the full text at 2:00 p.m. Tokyo time on the next business day.
- About ten days later, the Summary of Opinions, at 8:50 a.m. Tokyo time.
How it affects your trading
The instruments that move most are those tied to the yen: USDJPY, EURJPY, GBPJPY, and the JP225 index. With more volatility, the same risk allows fewer lots: size the trade with the lot size calculator. Every meeting of the four major central banks is in the central bank calendar 2027.
How to read the decision
For years the Bank of Japan kept rates very low, which made the yen the funding currency for many carry trades: borrowing in yen to invest in higher-yielding currencies. That is why any hint of a rate hike can trigger sharp yen moves as those positions unwind. If the yen moves very fast, Japan may intervene in the currency market: the Ministry of Finance decides, the central bank carries it out, and there is no announced date.
Sizing example: on USD/JPY one pip on a standard lot is ¥1,000, about $6.67 with the dollar at ¥150. With a $10,000 account, 1% risk and a 40-pip stop, about 0.37 lots fit.
Frequently asked questions
When does the BoJ meet in 2027?
Eight times. The decisions are announced on January 22, March 18, April 28, June 11, July 22, September 22, October 29 and December 17.
What time does the BoJ announce rates?
It has no fixed time: the Bank of Japan releases the decision as soon as the second day of the meeting ends, during the Tokyo day, which is overnight in New York.
Which BoJ meetings bring forecasts?
January, April, July and October, which bring the Outlook Report.