The Bank of Japan kept its key short-term interest rate at -0.1 percent and maintained long-term borrowing costs around zero during its June meeting, but increased the size of its lending packages for cash-strapped firms to $1 trillion from about $700 billion announced last month aimed at mitigating the negative impact of the pandemic. The central bank made no major changes to a range of programs it has launched to deliver money via financial institutions into companies faced with plunging sales due to the pandemic. Policymakers maintained the optimistic outlook for the economy, saying activity is expected to resume gradually supported by accommodative financial conditions and the government's economic measures, but said the central bank stands ready to ease policy again if needed.
Interest Rate in Japan averaged 2.71 percent from 1972 until 2020, 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 July of 2020. source: Bank of Japan
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 -0.10 in 12 months time. In the long-term, the Japan Interest Rate is projected to trend around -0.10 percent in 2021 and 0.10 percent in 2022, according to our econometric models.