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Japan Interest Rate

Last Release
Sep 2021
Actual
-0.1 %
Forecast
N/A
Previous
-0.1 %
Frequency
Daily
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
9 %
Apr 1980
-0.1 %
Nov 2018
2.64 %1972 - 2021Bank of Japan
In Japan, interest rates are set by the Bank of Japan's Policy Board in its Monetary Policy Meetings. The BoJ's official interest rate is the discount rate. Monetary Policy Meetings produce a guideline for money market operations in inter-meeting periods and this guideline is written in terms of a target for the uncollateralized overnight call rate.

Latest Updates

The Bank of Japan left its key short-term interest rate unchanged at -0.1% and kept the target for the 10-year government bond yield at around 0% during its September meeting by an 8-1 vote, as expected. Policymakers, however, offered a bleaker view on exports and factory output, amid supply-chain disruptions mainly for chips and parts from Southeast Asia. Meantime, employment and income remained weak due to the COVID-19. Private consumption stayed stagnant, due to continuing strong downward pressure on consumption of services. On the price front, the yoy rate in the CPI has been around 0%, amid a rise in energy cost and despite a drop in mobile phone charges. Meanwhile, inflation expectations have been more or less unchanged. The BoJ reiterated it will not hesitate to take more easing measures if necessary while expecting short-and-long-term policy rates to remain at their present or lower levels. The central bank also said it will start to roll out climate change loans in December.

Japan Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Sep 22, 202103:24Japan Holds Rates, Dims View on Exports and Output
Jul 16, 202103:55Japan Holds Rates, Cuts 2021 GDP Forecast
Jan 21, 202008:32BoJ Holds Rates, Revises Up GDP Growth Forecasts
Dec 19, 201908:20BoJ Holds Rates, Offers Weaker Views on Output
Oct 31, 201910:53BoJ Holds Rates but Hints at Future Cuts
Sep 24, 201910:00BoJ Vows to Support the Economy: Gov Kuroda
Sep 19, 201904:31BoJ Holds Rates, Signals More Easing in October
DATETIMEEVENTActual
Sep 22, 202103:00BoJ Interest Rate Decision-0.1 %
Jul 16, 202103:00BoJ Interest Rate Decision-0.1 %
Jun 18, 202103:00BoJ Interest Rate Decision-0.1 %
Apr 27, 202103:00BoJ Interest Rate Decision-0.1 %
Mar 19, 202103:00BoJ Interest Rate Decision-0.1 %
Sep 24, 201823:50BoJ Monetary Policy Meeting Minutes
Aug 2, 201823:50BoJ Monetary Policy Meeting Minutes

Japan money Indicators

All Japan indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Central Bank Balance Sheet
726,710.2
Aug 2021
722,942.9
Jul 2021
4,864.5
Jan 1970
726,710.2
Aug 2021
JPY BillionMonthly1970 - 2021
Deposit Interest Rate
0
Sep 2021
-0.15
Sep 2021
-1.05
Mar 2020
16.25
Mar 1980
%Daily1978 - 2021
Foreign Bond Investment
1,761.4
Sep 2021
1,043.2
Sep 2021
-7,827
Jul 2021
4,169.4
Mar 2020
JPY BillionWeekly2005 - 2021
Foreign Exchange Reserves
1,424,284
Aug 2021
1,386,504
Jul 2021
455
Sep 1957
1,424,284
Aug 2021
USD MillionMonthly1957 - 2021
Foreign Stock Investment
128.7
Sep 2021
422.8
Sep 2021
-2,162.4
Mar 2018
2,079
Jul 2021
JPY BillionWeekly2005 - 2021
Interbank Rate
-0.07
Sep 2021
-0.07
Sep 2021
-0.13
Mar 2020
8.5
Sep 1990
%Daily1986 - 2021

Interest Rate across Asia

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Azerbaijan
6.5
Sep 2021
6.25
Aug 2021
2
Oct 2010
15
Jan 2018
%Daily2005 - 2021
Bangladesh
4.75
Aug 2021
4.75
Jul 2021
4.5
Jul 2010
8.75
Oct 2008
%Daily2008 - 2021
Bhutan
6.86
Jul 2021
6.86
Jun 2021
6
Apr 2018
7.04
Mar 2019
%Daily2012 - 2021
Brunei
5.5
Jul 2021
5.5
Jun 2021
5.5
Aug 2018
5.5
Aug 2018
%Daily2003 - 2021
Cambodia
0.6
May 2021
0.71
Mar 2021
0.6
May 2021
10.7
Aug 1994
%Daily1994 - 2021
China
3.85
Sep 2021
3.85
Sep 2021
3.85
Apr 2020
10.98
Aug 1996
%Daily1996 - 2021

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