The central bank policy rate in Japan stood at *** percent in April 2025. In March 2024, the Bank of Japan raised short-term interest rates for the first time in 17 years, ending its negative interest rate policy. From August 2024 onwards, the central bank encouraged the uncollaterized overnight call rate to remain at **** percent. A third rate hike to *** percent was implemented in January 2025.
In 2016, the Bank of Japan had introduced a policy of quantitative and qualitative monetary easing (QQE) with yield curve control, one component of which included controlling short-term and long-term interest rates through market operations.
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Bank for International Settlements. (May 8, 2025). Central bank policy rate in Japan from September 2016 to April 2025 [Graph]. In Statista. Retrieved June 04, 2025, from https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements. "Central bank policy rate in Japan from September 2016 to April 2025." Chart. May 8, 2025. Statista. Accessed June 04, 2025. https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements. (2025). Central bank policy rate in Japan from September 2016 to April 2025. Statista. Statista Inc.. Accessed: June 04, 2025. https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements. "Central Bank Policy Rate in Japan from September 2016 to April 2025." Statista, Statista Inc., 8 May 2025, https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements, Central bank policy rate in Japan from September 2016 to April 2025 Statista, https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/ (last visited June 04, 2025)
Central bank policy rate in Japan from September 2016 to April 2025 [Graph], Bank for International Settlements, May 8, 2025. [Online]. Available: https://www.statista.com/statistics/1351516/japan-central-bank-policy-rate/