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Japan Interest Rate

Last Release
Jul 31, 2025
Actual
0.5
Units In
%
Previous
0.5
Frequency
Daily
Next Release
Sep 19, 2025
Time to Release
16 Days 21 Hours
Highest
Lowest
Average
Date Range
Source
9
Dec 1973
-0.1
Jan 2016
2.24 %1972-2025Bank 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

Bank of Japan Deputy Governor Ryozo Himino said it would be appropriate for Japan to keep raising interest rates in line with improvements in the economy and prices. Speaking to business leaders in Kushiro, he noted that “risk and uncertainty will never disappear from the landscape for policymakers.” Despite three rate hikes so far, real interest rates remain very low as inflation stays strong. Himino stressed the need to “continually assess the balance of risks, both upside and downside, and respond in a timely and appropriate manner” to limit damage if conditions shift. On scaling back government bond purchases, he said a central bank’s balance sheet affects the economy through both assets and liabilities. Any adjustment, he added, should follow the principle that long-term rates are set by markets, with authorities providing predictability while keeping flexibility to safeguard stability.

Japan Interest Rate History

Last 12 readings

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