Japan policy rate

Source: BIS central bank policy rates (WS_CBPOL), Japan daily. Licence: BIS statistics: unrestricted reuse with attribution; inclusion must not add a charge to users. This page is not an official BIS publication (terms). Files: data/raw/bis-jp-policy.json.

Reading this series

Japan's policy rate here is the BIS central bank policy rate series for Japan (WS_CBPOL), compiled by the Bank for International Settlements with the Bank of Japan. The BIS series follows whichever instrument the authorities treat as the policy rate in each period; today that is the uncollateralised overnight call rate, while older stretches reflect earlier frameworks. It is stored as dated level changes and shown as a daily step series, because policy changes only on Bank of Japan decision dates.

Read the headline with its as-of date, then the "versus the previous reading" line; when the rate has been unchanged the page surfaces the date of the last actual move. Mean, median, low and high are arithmetic summaries of the observations in this build, not official aggregates. Chart and Table show the same series two ways, range buttons filter the drawn window, and Explore loads zoom and pan on request. The BIS rate is a compiled policy measure, not a mortgage or deposit rate, and this page is not an official BIS publication.

About this desk

The Australia desk leads with the RBA's cash rate target, then New Zealand's OCR and the US federal funds rate, with the rest of the build's series after them. The cash rate is the RBA board's policy target for the overnight money market, published in the F1 daily and F1.1 monthly tables; the page uses the daily target for the headline and the monthly history for the long chart. Because it changes only at board meetings, the series is drawn as steps.

All desks show the same official series, reordered toward one economy; the figures do not change with the desk. Values are republished from official files without alteration. The build publishes no Australian mortgage or deposit rate, because no official series for those is ingested — the desk omits them rather than estimating. This is not financial advice, and readings may lag their source.