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 final meeting of the year, by an 8-1 vote. At the same time, policymakers decided to taper their corporate debt buying to pre-pandemic levels while extending emergency pandemic funding by six months until the end of September 2022, amid efforts to support the financing of small and medium-sized firms. The BoJ noted that Japan's economy has picked up, despite remaining in a severe situation due to the impact of COVID-19. Exports and industrial output continued to grow, amid supply-side issues; while private spending bounced back gradually, with downward pressure on services consumption waning. Meantime, the yoy rate in the CPI is likely to rise in the short run, due to rising energy costs. The board reiterated it will not hesitate to take extra easing measures if necessary while expecting short-and long-term rates to stay at their present or lower levels. source: Bank of Japan
Interest Rate in Japan averaged 2.38 percent from 1972 until 2021, reaching an all time high of 9 percent in December of 1973 and a record low of -0.10 percent in January of 2016. This page provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Interest Rate in Japan is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Interest Rate is projected to trend around -0.10 percent in 2022 and 0.10 percent in 2023, according to our econometric models.