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 August 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 uncollaterized 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.

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.

Japan BOJ Forecast: Consumer Price Index (CPI): excl Consumption Tax Hike: YoY: Median data was reported at 1.800 % in 2020. This stayed constant from the previous number of 1.800 % for 2019. Japan BOJ Forecast: Consumer Price Index (CPI): excl Consumption Tax Hike: YoY: Median data is updated yearly, averaging 0.900 % from Mar 2014 (Median) to 2020, with 7 observations. The data reached an all-time high of 1.800 % in 2020 and a record low of -0.200 % in 2016. Japan BOJ Forecast: Consumer Price Index (CPI): excl Consumption Tax Hike: YoY: Median data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I006: Consumer Price Index: YoY% Change: Forecast: Bank of Japan.

Bank deposit interest rate, percent in Japan, July, 2025 The most recent value is 0.56 percent as of July 2025, an increase compared to the previous value of 0.54 percent. Historically, the average for Japan from January 2012 to July 2025 is 0.14 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

Key information about Japan Policy Rate

• Japan cash rate (Policy Rate: Month End: Japan: Complementary Deposit Facility Interest Rate) was set at -0.10 % pa in Jun 2023, compared with -0.10 % pa in the previous May 2023.
• Japan Policy Rate averaged -0.10 % pa and is updated monthly, available from Nov 2008 to Jun 2023.
• The data reached an all-time high of 0.10 % pa in Jan 2016 and a record low of -0.10 % pa in Jun 2023.

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).


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 0.07 % pa in Jun 2023.
• Its Long Term Interest Rate (Bonds Yield: Government Bonds: Newly Issued: 10 Years: Month End) was reported at 0.43 % pa in May 2023.
• Japan Exchange Rate against USD averaged 137.05 (USD/JPY) in May 2023.
• Its Real Effective Exchange Rate was 59.46 in May 2023.

The yield on Japan 10Y Bond Yield rose to 1.66% on September 22, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.04 points and is 0.80 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Japan 10 Year Government Bond Yield - values, historical data, forecasts and news - updated on September of 2025.

Inflation Rate in Japan decreased to 2.70 percent in August from 3.10 percent in July of 2025. This dataset provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

From 2003 to 2025, the central banks of the United States, United Kingdom, and European Union exhibited remarkably similar interest rate patterns, reflecting shared global economic conditions. In the early 2000s, rates were initially low to stimulate growth, then increased as economies showed signs of overheating prior to 2008. The financial crisis that year prompted sharp rate cuts to near-zero levels, which persisted for an extended period to support economic recovery. The COVID-19 pandemic in 2020 led to further rate reductions to historic lows, aiming to mitigate economic fallout. However, surging inflation in 2022 triggered a dramatic policy shift, with the Federal Reserve, Bank of England, and European Central Bank significantly raising rates to curb price pressures. As inflation stabilized in late 2023 and early 2024, the ECB and Bank of England initiated rate cuts by mid-2024, and the Federal Reserve also implemented its first cut in three years, with forecasts suggesting a gradual decrease in all major interest rates between 2025 and 2026. Divergent approaches within the European Union While the ECB sets a benchmark rate for the Eurozone, individual EU countries have adopted diverse strategies to address their unique economic circumstances. For instance, Hungary set the highest rate in the EU at 13 percent in September 2023, gradually reducing it to 6.5 percent by October 2024. In contrast, Sweden implemented more aggressive cuts, lowering its rate to two percent by June 2025, the lowest among EU members. These variations highlight the complex economic landscape that European central banks must navigate, balancing inflation control with economic growth support. Global context and future outlook The interest rate changes in major economies have had far-reaching effects on global financial markets. Government bond yields, for example, reflect these policy shifts and investor sentiment. As of December 2024, the United States had the highest 10-year government bond yield among developed economies at 4.59 percent, while Switzerland had the lowest at 0.27 percent. These rates serve as important benchmarks for borrowing costs and economic expectations worldwide.

Bank Lending Rate in Japan remained unchanged at 2.20 percent in August. This dataset provides - Japan Long Term Prime Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Bank of Japan: Total Assets for Japan (JPNASSETS) from Apr 1998 to Aug 2025 about Japan, assets, banks, and depository institutions.

Japan BOJ Forecast: Consumer Price Index (CPI): excl Consumption Tax Hike: YoY: Lower Limit data was reported at 1.500 % in 2020. This stayed constant from the previous number of 1.500 % for 2019. Japan BOJ Forecast: Consumer Price Index (CPI): excl Consumption Tax Hike: YoY: Lower Limit data is updated yearly, averaging 0.900 % from Mar 2014 (Median) to 2020, with 7 observations. The data reached an all-time high of 1.500 % in 2020 and a record low of -0.200 % in 2016. Japan BOJ Forecast: Consumer Price Index (CPI): excl Consumption Tax Hike: YoY: Lower Limit data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I006: Consumer Price Index: YoY% Change: Forecast: Bank of Japan.

Unemployment Rate in Japan decreased to 2.30 percent in July from 2.50 percent in June of 2025. This dataset provides the latest reported value for - Japan Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food: YoY: Lower Limit data was reported at 1.400 % in 2021. This records an increase from the previous number of 1.200 % for 2020. Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food: YoY: Lower Limit data is updated yearly, averaging 0.000 % from Mar 2000 (Median) to 2021, with 22 observations. The data reached an all-time high of 2.900 % in 2014 and a record low of -1.500 % in 2009. Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food: YoY: Lower Limit data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I006: Consumer Price Index: YoY% Change: Forecast: Bank of Japan.

Japan Amount Outstanding of JGB held by BOJ: Floating-rate JGB data was reported at 2,028.000 JPY hm in Apr 2023. This records an increase from the previous number of 1,728.000 JPY hm for Mar 2023. Japan Amount Outstanding of JGB held by BOJ: Floating-rate JGB data is updated monthly, averaging 29,726.000 JPY hm from Sep 2008 (Median) to Apr 2023, with 176 observations. The data reached an all-time high of 54,519.000 JPY hm in Aug 2016 and a record low of 219.000 JPY hm in Jan 2009. Japan Amount Outstanding of JGB held by BOJ: Floating-rate JGB data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.Z042: Japanese Government Bonds Held by the Bank of Japan.

The benchmark interest rate in Jamaica was last recorded at 5.75 percent. This dataset provides - Jamaica Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food: YoY: Upper Limit data was reported at 1.700 % in 2021. This records an increase from the previous number of 1.500 % for 2020. Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food: YoY: Upper Limit data is updated yearly, averaging 0.100 % from Mar 2000 (Median) to 2021, with 22 observations. The data reached an all-time high of 3.200 % in 2014 and a record low of -1.500 % in 2009. Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food: YoY: Upper Limit data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I006: Consumer Price Index: YoY% Change: Forecast: Bank of Japan.

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

Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food & Energy: YoY: Lower Limit data was reported at 1.900 % in 2028. This records an increase from the previous number of 1.700 % for 2027. Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food & Energy: YoY: Lower Limit data is updated yearly, averaging 2.200 % from Mar 2022 (Median) to 2028, with 7 observations. The data reached an all-time high of 3.900 % in 2024 and a record low of -0.800 % in 2022. Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food & Energy: YoY: Lower Limit data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I: Consumer Price Index: YoY% Change: Forecast: Bank of Japan.

Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food & Energy: Upper Limit data was reported at 2.100 % in 2028. This records an increase from the previous number of 2.000 % for 2027. Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food & Energy: Upper Limit data is updated yearly, averaging 2.200 % from Mar 2022 (Median) to 2028, with 7 observations. The data reached an all-time high of 3.900 % in 2024 and a record low of -0.800 % in 2022. Japan BOJ Forecast: Consumer Price Index (CPI): excl Fresh Food & Energy: Upper Limit data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I: Consumer Price Index: YoY% Change: Forecast: Bank of Japan.