As of October 2024, the average interest rate on ordinary deposits of financial institutions in Japan stood at 0.1 percent per annum. In the past years, the average interest rate on ordinary deposits had been close to zero percent. It rose to 0.02 percent after the central bank policy rate hike in March 2024.
Average monthly interest rate on ordinary deposits of financial institutions in Japan from April 2022 to October 2024
The figures are simple averages of annual interest rates on each deposit as of the 15th of each month (or the next business day in case the 15th is a holiday).
Data is based on financial institutions that hold current accounts at the Bank of Japan. Including domestically licensed banks (excluding such as the Resolution and Collection Corporation), Shinkin banks, and Shoko Chukin Bank.
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Bank of Japan. (October 17, 2024). Average monthly interest rate on ordinary deposits of financial institutions in Japan from April 2022 to October 2024 [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1487998/japan-monthly-interest-rates-on-ordinary-deposits/
Bank of Japan. "Average monthly interest rate on ordinary deposits of financial institutions in Japan from April 2022 to October 2024." Chart. October 17, 2024. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1487998/japan-monthly-interest-rates-on-ordinary-deposits/
Bank of Japan. (2024). Average monthly interest rate on ordinary deposits of financial institutions in Japan from April 2022 to October 2024. Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1487998/japan-monthly-interest-rates-on-ordinary-deposits/
Bank of Japan. "Average Monthly Interest Rate on Ordinary Deposits of Financial Institutions in Japan from April 2022 to October 2024." Statista, Statista Inc., 17 Oct 2024, https://www.statista.com/statistics/1487998/japan-monthly-interest-rates-on-ordinary-deposits/
Bank of Japan, Average monthly interest rate on ordinary deposits of financial institutions in Japan from April 2022 to October 2024 Statista, https://www.statista.com/statistics/1487998/japan-monthly-interest-rates-on-ordinary-deposits/ (last visited November 19, 2024)
Average monthly interest rate on ordinary deposits of financial institutions in Japan from April 2022 to October 2024 [Graph], Bank of Japan, October 17, 2024. [Online]. Available: https://www.statista.com/statistics/1487998/japan-monthly-interest-rates-on-ordinary-deposits/
