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Japan Interest Rate

Last Release
Jun 17, 2025
Actual
0.5
Units In
%
Previous
0.5
Frequency
Daily
Next Release
Jul 31, 2025
Time to Release
27 Days 14 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

The Bank of Japan should resume rate hikes after a temporary pause to assess the impact of U.S. tariffs on Japan’s economy, board member Hajime Takata said in a speech Thursday. “My view is that the BoJ is currently only pausing its policy interest rate hike cycle,” he noted, adding the bank should shift away from its ultra-loose policy after a period of "wait and see". Takata said Japan is nearing the 2% inflation target, helped by strong corporate earnings, labor shortages, and rising wages. While he expects this outlook to remain “broadly” unchanged despite President Trump’s sweeping tariff announcement on April 1, Takata stressed the need to monitor risks. “Given uncertainties regarding various U.S. policies remain high, the BoJ must conduct monetary policy in a more flexible manner without being too pessimistic." He also warned that if the Fed resumes rate cuts, it could reduce the BoJ’s policy flexibility. Still, Takata sees no signs of a U.S. recession akin to past crises.

Japan Interest Rate History

Last 12 readings

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