The central bank policy rate in Japan stood at 0.25 percent in November 2024. In March 2024, the Bank of Japan raised short-term interest rates for the first time in 17 years, ending its negative interest rate policy. Since August 2024, the central bank encourages the uncollaterized overnight call rate to remain at 0.25 percent.
In 2016, the Bank of Japan had introduced a policy of quantitative and qualitative monetary easing (QQE) with yield curve control, one component of which included controlling short-term and long-term interest rates through market operations.
Central bank policy rate in Japan from September 2016 to November 2024
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Bank for International Settlements. (December 5, 2024). Central bank policy rate in Japan from September 2016 to November 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements. "Central bank policy rate in Japan from September 2016 to November 2024." Chart. December 5, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements. (2024). Central bank policy rate in Japan from September 2016 to November 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements. "Central Bank Policy Rate in Japan from September 2016 to November 2024." Statista, Statista Inc., 5 Dec 2024, https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements, Central bank policy rate in Japan from September 2016 to November 2024 Statista, https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/ (last visited December 22, 2024)
Central bank policy rate in Japan from September 2016 to November 2024 [Graph], Bank for International Settlements, December 5, 2024. [Online]. Available: https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/