Japan Interest Rate
Aug 2026 · Monthly
Japan's benchmark interest rate held at 1% in August, unchanged from July. The rate has been at 1% since June, following an increase from 0.75% in May. It stands 0.5 percentage point above its year-ago level of 0.5%. The current rate is well below the all-time high of 9% recorded in July 1980 and far above the record low of -0.1% from February 2024, according to Bank for International Settlements.
source: Bank for International Settlements
Japan's policy interest rate stood at 1% in August 2026, unchanged from the previous month. The rate remains well below the all-time high of 9% recorded in July 1980 and above the record low of -0.1% set in February 2024. The series dates back to January 1946.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 1.0% | 1.0% | 9.0%Jul 1980 | -0.1%Feb 2024 | 1946 – 2026 | Monthly |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Exchange Rate | 158.74 per USD | 162.61 per USD | 360.00 per USD | 76.77 per USD | Aug 2026 | Monthly |
| Inflation Rate | 1.7% | 1.5% | 24.8% | -2.5% | Jun 2026 | Monthly |
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About this series
Interest Rate in Japan averaged 0.9% from 1946 until 2026, reaching an all-time high of 9.0% in Jul 1980 and a record low of -0.1% in Feb 2024. The series is reported monthly with history from 1946.
The policy interest rate is the benchmark rate set by the central bank to guide monetary policy. It is reported as a monthly percentage and reflects the cost of borrowing for commercial banks. The series spans from January 1946 to the present.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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