Japan’s central bank policy rate stood at *** percent in June 2026, following a gradual normalization of monetary policy after years of ultra-loose conditions. In March 2024, the Bank of Japan raised short-term interest rates for the first time in 17 years, formally ending its negative interest rate policy. From August 2024 onward, the central bank guided the uncollateralized overnight call rate to remain around **** percent. A further rate increase in January 2025 lifted the policy rate to *** percent, where it remained through the end of 2025 and beginning of 2026.
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Bank for International Settlements. (July 14, 2026). Monthly uncollateralized overnight call rate target of the Bank of Japan from June 2006 to June 2026 [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 24, 2026, from /statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements. "Monthly uncollateralized overnight call rate target of the Bank of Japan from June 2006 to June 2026." Chart. July 14, 2026. ÌÇÐÄÆÆ½â°æ. Accessed July 24, 2026. /statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements. (2026). Monthly uncollateralized overnight call rate target of the Bank of Japan from June 2006 to June 2026. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 24, 2026. /statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements. "Monthly Uncollateralized Overnight Call Rate Target of The Bank of Japan from June 2006 to June 2026." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 14 Jul 2026, /statistics/1351516/japan-central-bank-policy-rate/
Bank for International Settlements, Monthly uncollateralized overnight call rate target of the Bank of Japan from June 2006 to June 2026 ÌÇÐÄÆÆ½â°æ, /statistics/1351516/japan-central-bank-policy-rate/ (last visited July 24, 2026)
Monthly uncollateralized overnight call rate target of the Bank of Japan from June 2006 to June 2026 [Graph], Bank for International Settlements, July 14, 2026. [Online]. Available: /statistics/1351516/japan-central-bank-policy-rate/