Evidence

Official source: https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.JP?lastNObservations=36&format=sdmx-compact-2.1

Fetched at 2026-08-26T08:02:08.516Z

Content hash eb52d2ab20cf

<?xml version="1.0" encoding="UTF-8"?><message:StructureSpecificData xmlns:ss="http://www.sdmx.org/resources/sdmxml/schemas/v2_1/data/structurespecific" xmlns:footer="http://www.sdmx.org/resources/sdmxml/schemas/v2_1/message/footer" xmlns:ns1="urn:sdmx:org.sdmx.infomodel.datastructure.Dataflow=BIS:WS_CBPOL(1.0):ObsLevelDim:TIME_PERIOD" xmlns:message="http://www.sdmx.org/resources/sdmxml/schemas/v2_1/message" xmlns:common="http://www.sdmx.org/resources/sdmxml/schemas/v2_1/common" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sdmx.org/resources/sdmxml/schemas/v2_1/message https://registry.sdmx.org/schemas/v2_1/SDMXMessage.xsd urn:sdmx:org.sdmx.infomodel.datastructure.Dataflow=BIS:WS_CBPOL(1.0):ObsLevelDim:TIME_PERIOD https://stats.bis.org/ws/public/sdmxapi/rest/schema/dataflow/BIS/WS_CBPOL/1.0?format=sdmx-2.1"><message:Header><message:ID>IDREFa72892f7-5796-45e7-98b9-e2f03e004bb7</message:ID><message:Test>false</message:Test><message:Prepared>2026-08-26T08:02:08Z</message:Prepared><message:Sender id="UNKNOWN"></message:Sender><message:Receiver id="guest"></message:Receiver><message:Structure structureID="BIS_WS_CBPOL_1_0" namespace="urn:sdmx:org.sdmx.infomodel.datastructure.Dataflow=BIS:WS_CBPOL(1.0):ObsLevelDim:TIME_PERIOD" dimensionAtObservation="TIME_PERIOD"><common:StructureUsage><Ref agencyID="BIS" id="WS_CBPOL" version="1.0"></Ref></common:StructureUsage></message:Structure><message:DataSetAction>Information</message:DataSetAction><message:DataSetID>b75d75ec-6201-4c57-ac96-d24a012de5a7</message:DataSetID><message:Extracted>2026-08-26T08:02:08</message:Extracted><message:ReportingBegin>2023-08-01T00:00:00</message:ReportingBegin><message:ReportingEnd>2026-07-01T23:59:59</message:ReportingEnd></message:Header><message:DataSet UNIT_MULT="0" UNIT_MEASURE="368" ss:dataScope="DataStructure" xsi:type="ns1:DataSetType" ss:structureRef="BIS_WS_CBPOL_1_0"><Series FREQ="M" REF_AREA="JP" SOURCE_REF="Bank of Japan" SUPP_INFO_BREAKS="For details see: http://www.bis.org/statistics/cbpol/cbpol_doc.pdf  ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_1998/k980909c.htm ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_1999/k990212c.htm ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2000/k000811.htm ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2001/k010228a.htm ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2006/k060309.htm ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2006/k060714.pdf ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2007/k070221.pdf ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2008/k081031.pdf ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2008/k081219.pdf ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2010/k101005.pdf ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2016/k160921a.pdf ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2024/k240319a.pdf ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2024/mpr240731c.pdf ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2025/mpr250124a.pdf ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2025/k251219a.pdf ; https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2026/k260616a.pdf" COMPILATION="From 17 Jun 2026 onwards: the BOJ encourages the uncollateralized overnight call rate to remain at around 1.00 percent; From 22 Dec 2025 to 16 Jun 2026: the BOJ encourages the uncollateralized overnight call rate to remain at around 0.75 percent; From 27 Jan 2025 to 21 Dec 2025: the BOJ encourages the uncollateralized overnight call rate to remain at around 0.50 percent; From 1 Aug 2024 to 26 Jan 2025: the BOJ encouraged the UOCR to remain at around 0.25% ; From 21 Mar 2024 to 31 July: the BOJ encouraged the UOCR to remain at around 0 to 0.1 %; from 21 Sep 2016 to 20 Mar 2024: the BOJ set the guideline for market operations which specifies a short-term policy interest rate at minus 0.1% and a target level of 10-year JGB yields at around 0%. Short-term policy interest rate; from 4 Apr 2013 to 20 Sep 2016: no policy rate; from 5 Oct 2010 to 3 Apr 2013: the BOJ encouraged the UOCR to remain at around 0 to 0.1%; from 19 Dec

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