Japan Interest Rate - Forecast

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. Looking forward, we estimate Interest Rate in Japan to stand at 0.00 in 12 months time. In the long-term, the Japan Interest Rate is projected to trend around 0.10 percent in 2020, according to our econometric models.


Forecast Data Chart
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Japan Money Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate -0.1 -0.1 -0.1 -0.1 0 0.1
Interbank Rate -0.09 -0.07 -0.07 -0.07 -0.07 0.03
Money Supply M0 99819 99783 99772 99768 99766 99768
Money Supply M1 760836 769648 778482 787023 795412 866578
Money Supply M2 1006524 1015314 1022933 1030018 1037120 1101027
Money Supply M3 1340549 1348754 1356974 1365139 1373245 1443605
Central Bank Balance Sheet 545535 556365 566597 576270 585562 658470
Foreign Exchange Reserves 1259700 1261331 1263060 1264778 1266462 1280074
Loans to Private Sector 459756 460125 460002 459976 459970 459966
Deposit Interest Rate 0.32 0.32 0.32 0.32 0.32 0.42
Foreign Stock Investment 52.6 -120 -51.38 -51.39 -51.39 250
Foreign Bond Investment 1017 179 178 178 178 178
Private Debt to GDP 229 226 227 228 228 227
Loan Growth 2.3 2.2 2.4 2.3 2.51 2.4