As of September 2024, the average interest rate on new one-year time deposits of 10 million yen or more of banks in Japan reached 0.12 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 September 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 0.68 U.S. dollars or 0.62 euros as of September 2024.
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Bank of Japan. (September 27, 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 September 2024 [Graph]. In Statista. Retrieved September 27, 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 September 2024." Chart. September 27, 2024. Statista. Accessed September 27, 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 September 2024. Statista. Statista Inc.. Accessed: September 27, 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 September 2024." Statista, Statista Inc., 27 Sep 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 September 2024 Statista, https://www.statista.com/statistics/1488011/japan-interest-rates-on-one-year-time-deposits-of-10-million-yen-or-more/ (last visited September 27, 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 September 2024 [Graph], Bank of Japan, September 27, 2024. [Online]. Available: https://www.statista.com/statistics/1488011/japan-interest-rates-on-one-year-time-deposits-of-10-million-yen-or-more/