The following is a chronology of major events related to the Bank of Japan's monetary policy.
February 2007 -- BOJ raises policy rate to 0.5 percent from 0.25 percent.
October 2008 -- BOJ cuts interest rate to 0.3 percent after U.S. investment bank Lehman Brothers Holdings Inc. collapses.
October 2010 -- BOJ shifts to zero interest rate policy by guiding overnight call rate within range of zero percent and 0.1 percent.
March 2013 -- Haruhiko Kuroda becomes BOJ chief.
April 2013 -- BOJ introduces "quantitative and qualitative easing" as part of "Abenomics" policy mix. It vows to double monetary base by aggressive asset purchases and raise inflation to 2 percent over next 2 years.
January 2016 -- BOJ adopts negative interest rate.
September 2016 -- BOJ adopts "yield curve control," focusing on controlling interest rates after "comprehensive" review.
July 2018 -- BOJ decides to allow long-term interest rates to rise above de facto ceiling, move in wider range.
March 2021 -- BOJ decides to allow long-term interest rates to move up or down by 0.25 percentage point.
December 2022 -- BOJ decides to allow long-term interest rates to trade between minus 0.5 percent and 0.5 percent.
April 2023 -- Academic Kazuo Ueda begins his five-year term as BOJ governor.
July 2023 -- BOJ decides to allow long-term interest rates to trade toward 1.0 percent.
October 2023 -- BOJ decides to allow long-term interest rates to rise above 1.0 percent.
March 19, 2024 -- BOJ ends negative rate policy and yield curve control.
