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.

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.

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

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.

As of September 2025, the maximum interest rate for 21 to 35-year fixed-rate Flat 35 housing loans with a loan-to-value ratio of 90 percent or less in Japan stood at **** percent. This represented an increase compared to **** percent in June 2025.

Key information about Japan Short Term Interest Rate

• Japan Short Term Interest Rate: Month End: TIBOR: Japanese Yen: 3 Months was reported at 0.81 % pa in Nov 2025, compared with 0.81 % pa in the previous month.
• Japan Short Term Interest Rate data is updated monthly, available from Jan 1997 to Nov 2025.
• The data reached an all-time high of 1.16 % pa in Dec 1997 and a record low of 0.05 % pa in Nov 2022.
• Short Term Interest Rate is reported by reported by JBA TIBOR Administration.

Related information about Japan Short Term Interest Rate

• In the latest reports, Japan Bonds Yield: Government Bonds: Newly Issued: 10 Years: Month End was reported at 1.66 % pa in Oct 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.

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.

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.

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.

The yield on Japan 10Y Bond Yield eased to 1.86% on December 2, 2025, marking a 0.02 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.20 points and is 0.78 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 December of 2025.

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.

Interbank Rate in Japan increased to 0.89 percent on Tuesday December 2 from 0.82 in the previous day. This dataset provides - Japan Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Japan (IR3TIB01JPM156N) from Apr 2002 to Oct 2025 about interbank, 3-month, Japan, yield, interest rate, interest, and rate.

Japan CAB: TOT+ve Interest Rate Applied data was reported at 206,078.100 JPY bn in Feb 2024. This records an increase from the previous number of 205,995.100 JPY bn for Jan 2024. Japan CAB: TOT+ve Interest Rate Applied data is updated monthly, averaging 208,012.800 JPY bn from Feb 2016 (Median) to Feb 2024, with 97 observations. The data reached an all-time high of 210,038.300 JPY bn in Mar 2016 and a record low of 205,503.700 JPY bn in Dec 2022. Japan CAB: TOT+ve Interest Rate Applied data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.KA006: Bank of Japan Current Account Balances.

View market daily updates and historical trends for Japan 10 Year Government Bond Interest Rate. Source: Japan Ministry of Finance. Track economic data wi…

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Japan (IRLTLT01JPM156N) from Jan 1989 to Oct 2025 about long-term, 10-year, Japan, bonds, yield, government, interest rate, interest, and rate.

Housing Loan: Floating Interest Rate: City Banks data was reported at 2.475 % pa in Oct 2018. This stayed constant from the previous number of 2.475 % pa for Sep 2018. Housing Loan: Floating Interest Rate: City Banks data is updated monthly, averaging 2.475 % pa from Jun 1987 (Median) to Oct 2018, with 377 observations. The data reached an all-time high of 8.500 % pa in Jan 1991 and a record low of 2.375 % pa in Sep 2006. Housing Loan: Floating Interest Rate: City Banks data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.M014: Mortgage Rate.

The International Bank for Reconstruction and Development (IBRD) loans are public and publicly guaranteed debt extended by the World Bank Group. IBRD loans are made to, or guaranteed by, countries that are members of IBRD. IBRD may also make loans to IFC. IBRD lends at market rates. Data are in U.S. dollars calculated using historical rates. This dataset contains the latest available snapshot of the Statement of Loans. The World Bank complies with all sanctions applicable to World Bank transactions.

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.