The Bank of Japan left its key short-term interest rate unchanged at -0.1 percent and maintained the target for the 10-year Japanese government bond yield at around 0 percent during its December meeting by an 8-1 vote. The BoJ also mentioned that it will not change its yield curve control or quantitative easing framework. However, the central bank said will extend the duration of additional purchases of CP and corporate bonds by six months until the end of September 2021, with an upper limit on the amount outstanding of about JPY 20 trillion. In addition, the bank also extended by six months to September 2021 its fund-aid scheme for companies hit by the COVID-19 crisis. In an unexpected move, policymakers added they will begin looking into better ways to achieve its inflation target of 2 percent and release its finding in March. source: Bank of Japan
Interest Rate in Japan averaged 2.43 percent from 1972 until 2020, 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 December of 2020.
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 2021, according to our econometric models.