Monthly basic discount and loan rate in Japan 2017-2024
In May 2024, the basic discount rate and basic loan rate in Japan stood at 0.3 percent per annum. The basic discount and loan rate, formerly the official discount rate, is set by the Bank of Japan and acts as a ceiling for the uncollateralized overnight call rate. Before the liberalization of interest rates in Japan was completed in 1994, it served as the representative policy interest rate.