Japan: average interest rates on outstanding bank loans 2023

In December 2023, the average contract interest rate of outstanding loans granted by banks in Japan stood at 0.78 percent per annum, up from 0.77 percent per annum in the previous year. City banks had the lowest average interest rate for outstanding loans.

Average contract interest rates on outstanding bank loans in Japan from 2014 to 2023

Characteristic	Average contract interest rate in percent per annum
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Release date

February 2024

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Region

Japan

Survey time period

2014 to 2023

Special properties

figures as of the end of each year; values have been rounded

Supplementary notes

Weighted average of loans and discounts outstanding by interest rate aggregated at intervals of 0.25 percent. Rates in between are rounded off.

Including overdrafts.

The statistic includes data of domestically licensed banks that are established under the Japanese legislation and conduct transactions with the Bank of Japan. Excluding the Resolution and Collection Corporation, the Second Bridge Bank of Japan, and the Japan Post Bank.

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