The Bank of Japan flagged upside risks to inflation and indicated that it stands ready to adjust monetary policy, but expects accommodative financial conditions to remain for the time being, according to a summary of its April policy meeting. The central bank called for attention to various inflationary factors such as greater-than-expected progress in the wage-price spiral, a further depreciation of the yen, active fiscal policy, lack of supply capacity that is mainly due to labor shortages and a rise in commodity prices. Meanwhile, the BOJ noted that realizing the outlook for economic activity and price rises could warrant interest rate hikes. Key factors it is monitoring for further policy adjustments include positive corporate behavior through this summer and an improving trend in consumption. Elsewhere, a Ministry of Finance representative flagged the lack of momentum in consumption, and called on the BOJ to work closely with the government to achieve sustainable 2% inflation. source: Bank of Japan
The benchmark interest rate in Japan was last recorded at 0.10 percent. Interest Rate in Japan averaged 2.28 percent from 1972 until 2024, reaching an all time high of 9.00 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 May of 2024.
The benchmark interest rate in Japan was last recorded at 0.10 percent. Interest Rate in Japan is expected to be 0.00 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 2025, according to our econometric models.