As of December 2024, the average interest rate on new one-year time deposits of 10 million yen or more of banks in Japan was 0.13 percent per annum. The rate increased from 0.01 percent in April 2024, following the central bank's first interest hike in 17 years.
Average monthly interest rate on new one-year time deposits of 10 million yen or more of financial institutions in Japan from April 2022 to December 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.
100 Japanese yen equal 0.67 U.S. dollars or 0.63 euros as of December 2024.
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Bank of Japan. (December 18, 2024). Average monthly interest rate on new one-year time deposits of 10 million yen or more of financial institutions in Japan from April 2022 to December 2024 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1488011/japan-interest-rates-on-one-year-time-deposits-of-10-million-yen-or-more/
Bank of Japan. "Average monthly interest rate on new one-year time deposits of 10 million yen or more of financial institutions in Japan from April 2022 to December 2024." Chart. December 18, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1488011/japan-interest-rates-on-one-year-time-deposits-of-10-million-yen-or-more/
Bank of Japan. (2024). Average monthly interest rate on new one-year time deposits of 10 million yen or more of financial institutions in Japan from April 2022 to December 2024. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1488011/japan-interest-rates-on-one-year-time-deposits-of-10-million-yen-or-more/
Bank of Japan. "Average Monthly Interest Rate on New One-year Time Deposits of 10 Million Yen or More of Financial Institutions in Japan from April 2022 to December 2024." Statista, Statista Inc., 18 Dec 2024, https://www.statista.com/statistics/1488011/japan-interest-rates-on-one-year-time-deposits-of-10-million-yen-or-more/
Bank of Japan, Average monthly interest rate on new one-year time deposits of 10 million yen or more of financial institutions in Japan from April 2022 to December 2024 Statista, https://www.statista.com/statistics/1488011/japan-interest-rates-on-one-year-time-deposits-of-10-million-yen-or-more/ (last visited December 22, 2024)
Average monthly interest rate on new one-year time deposits of 10 million yen or more of financial institutions in Japan from April 2022 to December 2024 [Graph], Bank of Japan, December 18, 2024. [Online]. Available: https://www.statista.com/statistics/1488011/japan-interest-rates-on-one-year-time-deposits-of-10-million-yen-or-more/
