The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent at its March meeting, as widely expected. Policymakers also kept the target for the 10-year Japanese government bond yield at around zero percent, but offered weaker views on exports and output amid rising global headwinds. Interest Rate in Japan averaged 2.78 percent from 1972 until 2019, reaching an all time high of 9 percent in December of 1973 and a record low of -0.10 percent in January of 2016.

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 2020, according to our econometric models.

Japan Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-31 03:00 AM BoJ Interest Rate Decision -0.1% -0.1% -0.1% -0.1%
2018-12-20 03:00 AM BoJ Interest Rate Decision -0.1% -0.1% -0.1% -0.1%
2019-01-23 03:00 AM BoJ Interest Rate Decision -0.1% -0.1% -0.1% -0.1%
2019-03-15 03:00 AM BoJ Interest Rate Decision -0.1% -0.1% -0.1% -0.1%
2019-04-25 03:00 AM BoJ Quarterly Outlook Report
2019-04-25 03:00 AM BoJ Interest Rate Decision -0.1% -0.1% -0.1%
2019-05-07 11:50 PM BoJ Monetary Policy Meeting Minutes


Japan Money Last Previous Highest Lowest Unit
Interest Rate -0.10 -0.10 9.00 -0.10 percent [+]
Interbank Rate -0.07 -0.06 8.50 -0.12 percent [+]
Money Supply M0 102118.70 101665.50 102487.90 2130.10 JPY Billion [+]
Money Supply M1 781407.90 773472.10 781407.90 3921.00 JPY Billion [+]
Money Supply M2 1012747.00 1010052.60 1015093.00 8404.00 JPY Billion [+]
Money Supply M3 1351005.60 1348817.50 1351005.60 1008505.00 JPY Billion [+]
Central Bank Balance Sheet 557034.30 561926.20 561926.20 4864.50 JPY Billion [+]
Foreign Exchange Reserves 1291813.00 1281846.00 1306668.00 455.00 USD Million [+]
Loans to Private Sector 465929.70 464496.10 536555.80 375948.90 JPY Billion [+]
Deposit Interest Rate 0.32 0.30 5.50 0.04 percent [+]
Foreign Stock Investment 528.50 1463.50 1577.40 -2162.40 JPY Billion [+]
Foreign Bond Investment 591.10 -1742.50 2549.70 -3072.10 JPY Billion [+]
Private Debt to GDP 229.40 227.00 291.90 227.00 percent [+]
Loan Growth 2.40 2.30 3.60 -5.00 percent [+]


Japan Interest Rate

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. This page provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Interest Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.10 9.00 -0.10 1972 - 2019 percent Daily




Country Last Previous
Argentina 67.12 Apr/19
Turkey 24.00 Mar/19
Mexico 8.25 Mar/19
Russia 7.75 Mar/19
South Africa 6.75 Mar/19
Brazil 6.50 Mar/19
India 6.00 Apr/19
Indonesia 6.00 Mar/19
China 4.35 Mar/19
Saudi Arabia 3.00 Mar/19
United States 2.50 Mar/19
Singapore 2.24 Mar/19
Canada 1.75 Mar/19
South Korea 1.75 Apr/19
Australia 1.50 Apr/19
United Kingdom 0.75 Mar/19
Euro Area 0.00 Apr/19
France 0.00 Apr/19
Germany 0.00 Apr/19
Italy 0.00 Apr/19
Netherlands 0.00 Apr/19
Spain 0.00 Apr/19
Japan -0.10 Mar/19
Switzerland -0.75 Mar/19


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