According to the minutes of the Monetary Policy Meeting held on September 17–18, 2026, released by the Bank of Japan (BOJ) on November 5, the board decided by a 7-2 majority to raise the policy rate by 0.25 percentage points to approximately 1.25%, with the new guidance taking effect on September 24. A majority of members expressed the view that accommodative financial conditions would be maintained even after the rate hike.