As of August 2024, the average interest rate on ordinary deposits of financial institutions in Japan stood at 0.02 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 August 2024
Characteristic
Average interest rate in percent per annum
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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. (August 19, 2024). Average monthly interest rate on ordinary deposits of financial institutions in Japan from April 2022 to August 2024 [Graph]. In Statista. Retrieved September 12, 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 August 2024." Chart. August 19, 2024. Statista. Accessed September 12, 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 August 2024. Statista. Statista Inc.. Accessed: September 12, 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 August 2024." Statista, Statista Inc., 19 Aug 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 August 2024 Statista, https://www.statista.com/statistics/1487998/japan-monthly-interest-rates-on-ordinary-deposits/ (last visited September 12, 2024)
Average monthly interest rate on ordinary deposits of financial institutions in Japan from April 2022 to August 2024 [Graph], Bank of Japan, August 19, 2024. [Online]. Available: https://www.statista.com/statistics/1487998/japan-monthly-interest-rates-on-ordinary-deposits/
