The central bank policy rate in Japan stood at 0.5 percent in February 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 0.25 percent. A third rate hike to 0.5 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 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.

In January 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 21 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 0.5 percent in January 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.

Japan JP: Real Interest Rate data was reported at 0.769 % pa in 2016. This records an increase from the previous number of -0.978 % pa for 2015. Japan JP: Real Interest Rate data is updated yearly, averaging 2.802 % pa from Dec 1961 (Median) to 2016, with 56 observations. The data reached an all-time high of 6.125 % pa in 1983 and a record low of -12.450 % pa in 1970. Japan JP: Real 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. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

Japan JP: Lending Interest Rate data was reported at 1.045 % pa in 2016. This records a decrease from the previous number of 1.143 % pa for 2015. Japan JP: Lending Interest Rate data is updated yearly, averaging 6.151 % pa from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 9.113 % pa in 1974 and a record low of 1.045 % pa in 2016. Japan JP: Lending 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. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

As of March 2025, the average interest rate on ordinary deposits of financial institutions in Japan stood at around 0.16 percent per annum. In the past years, the average interest rate on ordinary deposits had been close to zero percent. It rose to 0.02 percent after the central bank policy rate hike in March 2024.

Japan Interest Rate Swap: Yen: 5 Year data was reported at 0.075 % pa in Nov 2018. This records a decrease from the previous number of 0.120 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 5 Year data is updated monthly, averaging 0.500 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.643 % pa in Jun 2007 and a record low of -0.159 % pa in Jun 2016. Japan Interest Rate Swap: Yen: 5 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan Interest Rate Swap: Yen: 1 Year data was reported at 0.010 % pa in Nov 2018. This records a decrease from the previous number of 0.028 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 1 Year data is updated monthly, averaging 0.173 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.103 % pa in May 2008 and a record low of -0.094 % pa in Feb 2016. Japan Interest Rate Swap: Yen: 1 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan Interest Rate Swap: Yen: 7 Year data was reported at 0.135 % pa in Nov 2018. This records a decrease from the previous number of 0.191 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 7 Year data is updated monthly, averaging 0.785 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.884 % pa in Apr 2006 and a record low of -0.120 % pa in Jun 2016. Japan Interest Rate Swap: Yen: 7 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

As of March 2025, the average interest rate on new one-year time deposits of 10 million yen or more of banks in Japan was around 0.21 percent per annum. The rate increased from 0.01 percent in April 2024, following the central bank's first interest hike in 17 years.

Japan 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. Japan 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. Japan 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.

Japan Interest Rate Swap: Yen: 2 Year data was reported at 0.023 % pa in Nov 2018. This records a decrease from the previous number of 0.046 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 2 Year data is updated monthly, averaging 0.216 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.261 % pa in May 2008 and a record low of -0.175 % pa in Feb 2016. Japan Interest Rate Swap: Yen: 2 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan JP: Short-Term Interest Rate: Single Hit Scenario data was reported at -0.092 % in 2021. This stayed constant from the previous number of -0.092 % for 2020. Japan JP: Short-Term Interest Rate: Single Hit Scenario data is updated yearly, averaging 1.228 % from Dec 1969 (Median) to 2021, with 53 observations. The data reached an all-time high of 14.512 % in 1974 and a record low of -0.092 % in 2021. Japan JP: Short-Term Interest Rate: Single Hit Scenario 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. IRS - Short-term interest rate Short-term interest:https://stats.oecd.org/glossary/detail.asp?ID=1394; Japan interbank 3 mth (LDN:BBA) - offered rate. Available from 1986 onwards.

Japan Interest Rate Swap: Yen: 3 Year data was reported at 0.035 % pa in Nov 2018. This records a decrease from the previous number of 0.068 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 3 Year data is updated monthly, averaging 0.305 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.380 % pa in May 2008 and a record low of -0.195 % pa in Feb 2016. Japan Interest Rate Swap: Yen: 3 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan Interest Rate Swap: Yen: 4 Year data was reported at 0.053 % pa in Nov 2018. This records a decrease from the previous number of 0.091 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 4 Year data is updated monthly, averaging 0.395 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.515 % pa in Jun 2007 and a record low of -0.175 % pa in Feb 2016. Japan Interest Rate Swap: Yen: 4 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Inflation Rate in Japan decreased to 3.70 percent in February from 4 percent in January 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.

Between January and June 2024, the average interest rate for new time deposits of three to less than 10 million Japanese yen with a maturity of three to less than six months in Japan stood at about 0.21 percent per annum. The average interest rate increased by 0.02 percentage points year on year for all deposited amounts.

Japan JP: Loans & Discount: Outstanding: Interest Rate 10.75% to <11.00% data was reported at 69.500 JPY bn in May 2018. This records an increase from the previous number of 69.300 JPY bn for Apr 2018. Japan JP: Loans & Discount: Outstanding: Interest Rate 10.75% to <11.00% data is updated monthly, averaging 61.000 JPY bn from Oct 1993 (Median) to May 2018, with 296 observations. The data reached an all-time high of 277.300 JPY bn in Nov 1993 and a record low of 34.300 JPY bn in Dec 2003. Japan JP: Loans & Discount: Outstanding: Interest Rate 10.75% to <11.00% data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.KA017: Loans and Discounts Outstanding by Interest Rate.

Interbank Rate in Japan remained unchanged at 0.82 percent on Thursday March 27. This dataset provides - Japan Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan Interest Rate Swap: Yen: 10 Year data was reported at 0.250 % pa in Nov 2018. This records a decrease from the previous number of 0.316 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 10 Year data is updated monthly, averaging 1.200 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 2.169 % pa in Apr 2006 and a record low of -0.053 % pa in Jun 2016. Japan Interest Rate Swap: Yen: 10 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.