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Japan Interest Rate

Last Release
Nov 2021
Actual
-0.1 %
Forecast
-0.1 %
Previous
-0.1 %
Frequency
Daily
Units In
%
Next Release
Mar 18, 2022
Time to Release
1 Months 24 Days 3 Hours
Highest
Lowest
Average
Date Range
Source
9 %
Apr 1980
-0.1 %
Nov 2018
2.63 %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 that for 10-year bond yields around 0% during its January meeting, by an 8-1 vote, as widely expected. In a quarterly outlook report, meanwhile, the central bank adjusted its view of inflation risks for the first time since 2014, raising its inflation forecasts for FY 2022 that begin in April to 1.1% from earlier forecasts of 0.9% made in October, amid soaring costs of energy and raw material. Policymakers noted that risks to the price outlook were evenly balanced, with signs of a rise in inflation broadening. The board also revised higher the projected growth for FY 2022 to 3.8% from earlier projections of 2.9%, reflecting massive stimulus from the government; but lowered the GDP growth for the current FY to 2.8% from 3.4%, amid lingering supply constraints. The BoJ stressed that it will maintain its ultra-loose monetary policy even as its global counterparts seek to exit from crisis-mode policies.

Japan Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jan 18, 202203:08Japan Holds Rates, Changes View on Inflation Risks
Jan 12, 202204:04Japan's CPI to Accelerate Gradually: BoJ Kuroda
Dec 23, 202106:37Japan Economic Recovery to be Evident in 2022
Dec 17, 202103:05Japan Holds Rates, Tapers Corporate Debt Buying
Dec 2, 202103:03BoJ Will Further Improve Policy Framework
Oct 28, 202102:47Japan Holds Rates; Cuts GDP Growth, Price Forecasts
Oct 7, 202102:20Japan Consumer Inflation to Turn Positive: BoJ Kuroda
DATETIMEEVENTActual
Jan 18, 202203:00BoJ Interest Rate Decision-0.1 %
Dec 17, 202103:00BoJ Interest Rate Decision-0.1 %
Oct 28, 202103:00BoJ Interest Rate Decision-0.1 %
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 %

Japan money Indicators

All Japan indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Central Bank Balance Sheet
723,765.9
Dec 2021
728,218.6
Nov 2021
4,864.5
Jan 1970
728,218.6
Nov 2021
JPY BillionMonthly1970 - 2021
Deposit Interest Rate
-0.12
Jan 2022
-0.15
Jan 2022
-1.05
Mar 2020
16.25
Mar 1980
%Daily1978 - 2022
Foreign Bond Investment
-416.5
Jan 2022
-310
Dec 2021
-7,827
Jul 2021
6,790
Sep 2021
JPY BillionWeekly2005 - 2022
Foreign Exchange Reserves
1,405,754
Nov 2021
1,404,520
Oct 2021
455
Sep 1957
1,424,284
Aug 2021
USD MillionMonthly1957 - 2021
Foreign Stock Investment
-74.8
Dec 2021
-309.1
Nov 2021
-2,162.4
Mar 2018
2,079
Jul 2021
JPY BillionWeekly2005 - 2021
Interbank Rate
-0.07
Dec 2021
-0.07
Dec 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
7.25
Dec 2021
7
Nov 2021
2
Oct 2010
15
Jan 2018
%Daily2005 - 2021
Bangladesh
4.75
Dec 2021
4.75
Nov 2021
4.5
Jul 2010
8.75
Oct 2008
%Daily2008 - 2021
Bhutan
7.14
Dec 2021
7.14
Nov 2021
6
Apr 2018
7.14
Aug 2021
%Daily2012 - 2021
Brunei
5.5
Jul 2021
5.5
Jun 2021
5.5
Aug 2018
5.5
Aug 2018
%Daily2003 - 2021
Cambodia
0.89
Sep 2021
0.6
May 2021
0.6
May 2021
10.7
Aug 1994
%Daily1994 - 2021
China
3.7
Jan 2022
3.8
Jan 2022
3.7
Jan 2022
10.98
Aug 1996
%Daily1996 - 2022

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