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): Call Money/Interbank Rate: Total for Japan (IRSTCI01JPM156N) from Jul 1985 to May 2025 about interbank, overnight, Japan, interest rate, interest, and rate.

The central bank policy rate in Japan stood at *** percent in June 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.

Graph and download economic data for Interest Rates, Discount Rate for Japan (INTDSRJPM193N) from Jan 1953 to Apr 2017 about Japan, interest rate, interest, and rate.

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, interest, depository institutions, and rate.

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.

Graph and download economic data for Interest Rates, Government Securities, Treasury Bills for Japan (INTGSTJPM193N) from Apr 1955 to Jun 2017 about bills, Japan, securities, Treasury, government, interest rate, interest, and rate.

In May 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 early 2025, Russia maintained the highest interest rate at 20 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 -0.1 percent in May 2025. In contrast, Russia maintained a high inflation rate of 9.9 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.

Graph and download economic data for Interest Rates: Immediate Rates (< 24 Hours): Call Money/Interbank Rate: Total for Japan (IRSTCI01JPQ156N) from Q3 1985 to Q1 2025 about interbank, overnight, Japan, interest rate, interest, and rate.

Key information about Japan Exchange Rate against USD

• Japan Exchange Rate against USD averaged 137.053 (USD/JPY) in May 2023, compared with 133.475 USD/JPY in the previous month.
• Japan Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 360.000 in Dec 1970 and a record low of 76.643 in Oct 2011.

CEIC extends history for monthly average Exchange Rate against USD. Federal Reserve Board provides average Exchange Rate against USD. Exchange Rate against USD prior to January 1971 is sourced from the International Monetary Fund.


Key information about Japan Exchange Rate against USD

• In the latest reports, Japan Short Term Interest Rate: Month End: TIBOR: Japanese Yen: 3 Months was reported at 0.075 % pa in May 2023.
• Its Long Term Interest Rate (Bonds Yield: Government Bonds: Newly Issued: 10 Years: Month End) was reported at 0.390 % pa in Apr 2023.
• The cash rate (Policy Rate: Month End: Japan: Complementary Deposit Facility Interest Rate) was set at -0.100 % pa in May 2023.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Certificates of Deposit: Total for Japan (IR3TCD01JPA156N) from 1980 to 2021 about CD, 3-month, Japan, yield, interest rate, interest, and rate.

As of December 2024, Japan held United States treasury securities totaling about 1.06 trillion U.S. dollars. Foreign holders of United States treasury debt According to the Federal Reserve and U.S. Department of the Treasury, foreign countries held a total of 8.5 trillion U.S. dollars in U.S. treasury securities as of December 2024. Of the total held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 759 billion U.S. dollars in U.S. securities. The U.S. public debt In 2023, the United States had a total public national debt of 33.2 trillion U.S. dollars, an amount that has been rising steadily, particularly since 2008. In 2023, the total interest expense on debt held by the public of the United States reached 678 billion U.S. dollars, while 197 billion U.S. dollars in interest expense were intra governmental debt holdings. Total outlays of the U.S. government were 6.1 trillion U.S. dollars in 2023. By 2029, spending is projected to reach 8.3 trillion U.S. dollars.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Japan from Q1 1989 to Q1 2025 about long-term, 10-year, Japan, bonds, yield, government, interest rate, interest, and rate.

Key information about Japan Net International Investment Position

• Japan Net International Investment Position reached 3,477.917 USD bn in Dec 2024, compared with 3,569.224 USD bn in the previous quarter.
• Japan Net International Investment Position: USD mn data is updated quarterly, available from Jun 2010 to Dec 2024.
• The data reached an all-time high of 3,637.080 USD bn in Sep 2012 and a record low of 2,698.743 USD bn in Jun 2015.

CEIC converts quarterly Net International Investment Position into USD. The Bank of Japan provides Net International Investment Position in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Net International Investment Position prior to Q1 2014 is sourced from the International Monetary Fund.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Japan (IR3TIB01JPQ156N) from Q2 2002 to Q1 2025 about interbank, 3-month, Japan, yield, interest rate, interest, and rate.

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

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 May 2025 about long-term, 10-year, Japan, bonds, yield, government, interest rate, interest, and rate.

Graph and download economic data for Japanese Yen to U.S. Dollar Spot Exchange Rate (DEXJPUS) from 1971-01-04 to 2025-07-03 about Japan, exchange rate, currency, rate, and USA.

Graph and download economic data for Leading Indicators OECD: Component Series: Interest Rate Spread: Normalised for Japan (JPNLOCOSINOSTSAM) from Jan 1973 to Nov 2023 about leading indicator, spread, and Japan.

Graph and download economic data for National Accounts: Real Gross Domestic Product for Japan (JPNNGDPRPCPPPT) from 1990 to 2029 about Japan, real, GDP, and rate.