Monthly uncollateralized overnight call rate in Japan 2019-2024
In October 2024, the average uncollateralized overnight call rate in Japan stood at 0.23 percent. The end-of-month rate also reached 0.23 percent.
On March 21, 2024, the Bank of Japan ended its negative interest rate policy and made a shift to encouraging the uncollateralized overnight call rate to remain between 0.0 and 0.1 percent. In its July 2024 Monetary Policy Meeting, the bank further decided to raise the short-term interest rate to 0.25 percent.
