The Bank of Japan left its key short-term interest rate unchanged at -0.1% and kept the target for the 10-year government bond yield at around 0% during its September meeting by an 8-1 vote, as expected. Policymakers, however, offered a bleaker view on exports and factory output, amid supply-chain disruptions mainly for chips and parts from Southeast Asia. Meantime, employment and income remained weak due to the COVID-19. Private consumption stayed stagnant, due to continuing strong downward pressure on consumption of services. On the price front, the yoy rate in the CPI has been around 0%, amid a rise in energy cost and despite a drop in mobile phone charges. Meanwhile, inflation expectations have been more or less unchanged. The BoJ reiterated it will not hesitate to take more easing measures if necessary while expecting short-and-long-term policy rates to remain at their present or lower levels. The central bank also said it will start to roll out climate change loans in December. source: Bank of Japan
Interest Rate in Japan averaged 2.39 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 October of 2021.
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.