The benchmark interest rate in Japan was last recorded at 0.50 percent. This dataset provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Japan remained unchanged at 0.23 percent in November. This dataset includes a chart with historical data for Deposit Interest Rate in Japan.

Bank deposit interest rate, percent in Japan, September, 2025 The most recent value is 0.47 percent as of September 2025, a decline compared to the previous value of 0.53 percent. Historically, the average for Japan from January 2012 to September 2025 is 0.15 percent. The minimum of 0.04 percent was recorded in May 2019, while the maximum of 0.56 percent was reached in July 2025. | TheGlobalEconomy.com

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Japan (IRSTCB01JPA156N) from 1960 to 2023 about overnight, Japan, interest rate, banks, depository institutions, interest, and rate.

The central bank policy rate in Japan stood at *** percent in October 2025. In March 2024, the Bank of Japan raised short-term interest rates for the first time in 17 years, ending its negative interest rate policy. From August 2024 onwards, the central bank encouraged the uncollateralized overnight call rate to remain at **** percent. A third rate hike to *** percent was implemented in January 2025. In 2016, the Bank of Japan had introduced a policy of quantitative and qualitative monetary easing (QQE) with yield curve control, one component of which included controlling short-term and long-term interest rates through market operations.

Japan Key Interest Rate: Central Banks data was reported at 1.250 % in 2026. This records an increase from the previous number of 0.750 % for 2025. Japan Key Interest Rate: Central Banks data is updated yearly, averaging 0.100 % from Dec 1988 (Median) to 2026, with 39 observations. The data reached an all-time high of 5.625 % in 1990 and a record low of -0.100 % in 2023. Japan Key Interest Rate: Central Banks data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.EO: Interest Rate: Forecast: OECD Member: Annual.

Key information about Japan Bank Lending Rate

• Japan Bank Lending Rate was reported at 1.875 % pa in Nov 2025.
• This stayed constant from the previous number of 1.875 % pa for Oct 2025.
• Japan Bank Lending Rate data is updated monthly, averaging 1.625 % pa from Jan 1971 to Nov 2025, with 659 observations.
• The data reached an all-time high of 9.250 % pa in Jul 1980 and a record low of 1.375 % pa in Jul 2006.
• Japan Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

The International Monetary Fund provides monthly Bank Lending Rate.

As of June 2025, the average interest rate on new time deposits of three to less than 10 million Japanese yen at banks in Japan stood at *** percent per annum for time deposits with a maturity of six months to less than one year. By comparison, new time deposits with a maturity between one and two years reached an interest rate of **** percent per annum.

As of September 2025, the average interest rate on ordinary deposits of financial institutions in Japan stood at around **** percent per annum. In the past years, the average interest rate on ordinary deposits had been close to zero percent. It rose to **** percent after the central bank policy rate hike in March 2024.

Monthly and long-term Japan Interest Rate data: historical series and analyst forecasts curated by FocusEconomics.

Japan JP: Deposit Interest Rate data was reported at 0.300 % pa in 2016. This records a decrease from the previous number of 0.406 % pa for 2015. Japan JP: Deposit Interest Rate data is updated yearly, averaging 2.688 % pa from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 5.500 % pa in 1980 and a record low of 0.036 % pa in 2002. Japan JP: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Japan JP: Real Interest Rate data was reported at 0.769 % pa in 2016. This records an increase from the previous number of -0.978 % pa for 2015. Japan JP: Real Interest Rate data is updated yearly, averaging 2.802 % pa from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 6.125 % pa in 1983 and a record low of -12.450 % pa in 1970. Japan JP: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

Between January and July 2025, the average contract interest rate on new long-term loans and discounts of domestically licensed banks in Japan was **** percent per annum. This represented an increase from **** percent in the previous year.

Key information about Japan Long Term Interest Rate

• Japan Bonds Yield: Government Bonds: Newly Issued: 10 Years: Month End was reported at 1.66 % pa in Oct 2025, compared with 1.65 % pa in the previous month.
• Japan Long Term Interest Rate data is updated monthly, available from Dec 1998 to Oct 2025.
• The data reached an all-time high of 2.10 % pa in Jan 1999 and a record low of -0.28 % pa in Aug 2019.
• Long Term Interest Rate is reported by reported by Bank of Japan.

Data refers to yield of newly issued 10-year Japanese Government Bond yield. Yield figures before November 2014 are rates on the latest transaction. Yield figures from November 2014 onwards are rates based on JGB closing prices.


Related information about Japan Long Term Interest Rate

• In the latest reports, Japan Short Term Interest Rate: Month End: TIBOR: Japanese Yen: 3 Months was reported at 0.81 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: Japan: Uncollateralized Overnight Call Rate) was set at 0.50 % pa in Nov 2025.
• Japan Exchange Rate against USD averaged 151.35 (USD/JPY) in Oct 2025.

Japan JP: Interest Rate Spread data was reported at 0.744 % pa in 2016. This records an increase from the previous number of 0.737 % pa for 2015. Japan JP: Interest Rate Spread data is updated yearly, averaging 3.170 % pa from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 4.211 % pa in 1962 and a record low of 0.737 % pa in 2015. Japan JP: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;

Between January and July 2025, the average contract interest rate of outstanding loans granted by banks in Japan stood at **** percent per annum, up from **** percent per annum in the previous year. City banks and regional banks had the lowest average interest rate for outstanding loans.

Japan JP: Lending Interest Rate data was reported at 1.045 % pa in 2016. This records a decrease from the previous number of 1.143 % pa for 2015. Japan JP: Lending Interest Rate data is updated yearly, averaging 6.151 % pa from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 9.113 % pa in 1974 and a record low of 1.045 % pa in 2016. Japan JP: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Japan (IRSTCI01JPM156N) from Jul 1985 to Oct 2025 about interbank, overnight, Japan, interest rate, interest, and rate.

Key information about Japan Policy Rate

• Japan cash rate (Policy Rate: Month End: Japan: Uncollateralized Overnight Call Rate) was set at 0.50 % pa in Nov 2025, compared with 0.50 % pa in the previous Oct 2025.
• Japan Policy Rate averaged 0.00 % pa and is updated monthly, available from Mar 2006 to Nov 2025.

CEIC calculates monthly Policy Rate from daily Uncollateralized Overnight Call Rate. The Bank of Japan provides Uncollateralized Overnight Call Rate. Policy Rate prior to March 2024 is calculated from daily Negative Interest Rate: QQE. Policy Rate prior to January 2016 is calculated from daily Interest Rate on Complementary Deposit Facility. As of April 2013, Bank of Japan has switched to the amount of monetary base as its main operating tool. Under this arrangement, the Complementary Deposit Facility Interest Rate can be used as an indication of monetary policy. It represents the interest paid on excess reserve balances (balances held at the account with the Bank of Japan in excess of required reserves under the reserve deposit requirement system). Policy Rate prior to December 2008 is sourced from daiily Uncollateralized Overnight Call Rate.


Related information about Japan Policy Rate

• In the latest reports, Japan Short Term Interest Rate: Month End: TIBOR: Japanese Yen: 3 Months was reported at 0.81 % pa in Nov 2025.
• Its Long Term Interest Rate (Bonds Yield: Government Bonds: Newly Issued: 10 Years: Month End) was reported at 1.66 % pa in Oct 2025.
• Japan Exchange Rate against USD averaged 151.35 (USD/JPY) in Oct 2025.
• Its Real Effective Exchange Rate was 54.94 in Oct 2025.

Forecast: Bank Lending Interest Rate in Japan 2022 - 2026 Discover more data with ReportLinker!