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Japan Interest Rate

Last Release
Jan 23, 2026
Actual
0.75
Units In
%
Previous
0.75
Frequency
Daily
Next Release
Mar 19, 2026
Time to Release
1 Months 9 Days 11 Hours
Highest
Lowest
Average
Date Range
Source
9
Dec 1973
-0.1
Jan 2016
2.22 %1972-2026Bank of Japan
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.

Latest Updates

Further interest rate hikes will be necessary to complete Japan’s monetary policy normalization, central bank board member Kazuyuki Masu said in a speech on Friday. Masu noted that raising rates would help reduce the policy divergence between Japan and other major economies, a gap widely seen as a key driver of prolonged yen weakness that has pushed up import costs for businesses and households. Masu stressed that policy tightening must be handled carefully. He said timely and appropriate rate hikes are needed to keep underlying inflation below 2%, while warning against raising rates too aggressively in a way that could disrupt the gradual upward trend in wages and inflation. The speech was Masu’s first public appearance since joining the Bank of Japan’s nine-member board last July, when he characterized his stance as balanced between hawkish and dovish views.

Japan Interest Rate History

Last 12 readings

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