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Japan: Central bank policy rate

Percent · 1882–2025 · 107 observations · forecasts to 2026 · cbrate

2025
0.75%percent
Change on 2024
+0.5 pointsfrom 0.25%
Average, 2016–2025
0.02%10 years
Record high and low
9.49% (1882)low −0.10% (2016)

Central bank policy rate

Report error
-2%0%2%4%6%8%10%1900192019401960198020002020JapanJapan
ForecastPercent

Compare with other countries →Definition of Central bank policy rate

Recent values

Percent

YearValue
20261.25Forecast
20250.75
20240.25
2023-0.10
2022-0.10
2021-0.10
2020-0.10
2019-0.10
2018-0.10
2017-0.10
2016-0.10

Sources

  • Bank of Japan1882–1910
  • Grimm1946–2023
  • Bank for International Settlements1946–2025
  • IMF International Financial Statistics1953–2024
  • OECD Main Economic Indicators (archive)1955–1971
  • OECD Economic Outlook1988–2025
  • OECD Economic Outlook (forecast)2025–2027

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms