Japan Interest Rate

The Bank of Japan kept its pledge to increase the monetary base at an annual pace of about 80 trillion yen at its June 2016 meeting. Policymakers also decided to leave unchanged a 0.1 percent negative interest rate and said that the year-on-year change in the CPI is likely to be slightly negative or about 0 percent for the time being. Interest Rate in Japan averaged 2.98 percent from 1972 until 2016, 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 reported by the Bank 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. This page provides – Japan Interest Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.