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.

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.

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2025-06-16

Overview with Chart & Report: BoJ Interest Rate Decision is made 8 times a year. The regulator's interest rate is used to provide loans to commercial banks. Establishing an interest rate is one of the main tools of the monetary

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2025-03-18

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Japan Interest Rate.

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2026-12-17

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2026-04-27

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

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2026-09-17

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2025-04-30

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.

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2026-03-18

Loretta J. Mester-President and Chief Executive Officer-Federal Reserve Bank of Cleveland- The Bank of Japan-Institute for Monetary and Economic Studies Conference, Price Dynamics and Monetary Policy Challenges – Lessons Learned and Going Forward, Tokyo, Japan, May 28, 2024, 12:55 AM EDT

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2025-07-30

Canada's inflation rate experienced significant fluctuations from 2018 to 2025. Inflation peaked at *** percent in June 2022 before steadily declining to *** percent by December 2024. In early 2025, inflation began to increase again, rising to *** percent in February and dropping to *** percent in March. In April 2025, inflation decreased to *** percent. In response to rising inflation between 2020 and 2022, the Bank of Canada implemented aggressive interest rate hikes. The bank rate reached a maximum of **** percent in July 2023 and remained stable until June 2024. As inflationary pressures eased in the second half of 2024, the central bank reduced interest rates to *** percent in December 2024. In 2025, the bank rate witnessed further cuts, standing at * percent in March 2025 and **** percent in September 2025. This pattern reflected broader global economic trends, with most advanced and emerging economies experiencing similar inflationary challenges and monetary policy adjustments. Global context of inflation and interest rates The Canadian experience aligns with the broader international trend of central banks raising policy rates to combat inflation. Between 2021 and 2023, nearly all advanced and emerging economies increased their central bank rates. However, a shift occurred in the latter half of 2024, with many countries, including Canada, beginning to lower rates. This change suggests a new phase in the global economic cycle and monetary policy approach. Notably, among surveyed countries, Russia maintained the highest interest rate in early 2025, while Japan had the lowest rate. Comparison with the United States The United States experienced a similar trajectory in inflation and interest rates. U.S. inflation peaked at *** percent in June 2022, slightly higher than Canada's peak. The Federal Reserve responded with a series of rate hikes, reaching **** percent in August 2023. This rate remained unchanged until September 2024, when the first cut since September 2021 was implemented. In contrast, Canada's bank rate peaked at **** percent and began decreasing earlier, with cuts in June and July 2024. These differences highlight the nuanced approaches of central banks in managing their respective economies amid global inflationary pressures.

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2025-01-23

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2026-01-22

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.-2026-10-29

The BoJ Interest Rate Decision is a key economic event where the Bank of Japan sets the benchmark interest rate, influencing borrowing costs and monetary policy in Japan.