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.

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.

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

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.

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.

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.

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

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.

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.; ;

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.

View daily updates and historical trends for Japan Interest Rate. Source: Bank of Japan. Track economic data with YCharts analytics.

In 2024, the three-month interest rate in Japan reached **** percent. The three-month interest rate is the rate at which a prime bank is willing to lend funds to another prime bank for three months. It is a reference for short-term interest rates in the money market.

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.

In September 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In September 2025, Russia maintained the highest interest rate at 17 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.3 percent in September 2025. In contrast, Russia maintained a high inflation rate of 8 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

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

Between January and July 2025, the average contract interest rate of outstanding loans granted by city banks in Japan stood at **** percent per annum, up from **** percent per annum in the previous year. The average interest rate on outstanding loans of domestically licensed banks reached **** percent per annum.

View daily updates and historical trends for Bank of Japan Basic Discount Rate. Source: Bank of Japan. Track economic data with YCharts analytics.

View monthly updates and historical trends for Japan Long-Term Interest Rates. Source: Organisation for Economic Co-operation and Development. Track econo…