Cash Rate

Bank of Japan, via BIS

Japan policy rate

View on Japan desk

1.00%

+0.25 pp last change (16 Jun 2026)

As at 17 Sep 2026 | Daily (policy rate; changes on decision days)

Mean
3.40%
Median
3.65%
Min
-0.10% 21 Sep 2016
Max
9.00% 22 Dec 1973
DateRate
17 Sep 20261.00
31 Aug 20261.00
31 Jul 20261.00
30 Jun 20261.00
31 May 20260.75
30 Apr 20260.75
31 Mar 20260.75
28 Feb 20260.75
31 Jan 20260.75
31 Dec 20250.75
30 Nov 20250.50
31 Oct 20250.50
30 Sep 20250.50
31 Aug 20250.50
31 Jul 20250.50
30 Jun 20250.50
31 May 20250.50
30 Apr 20250.50
31 Mar 20250.50
28 Feb 20250.50
31 Jan 20250.50
31 Dec 20240.25
30 Nov 20240.25
31 Oct 20240.25

About Japan's policy rate

BIS central-bank policy rate for Japan (WS_CBPOL, JP). Current: 1.00% on 17 Sep 2026. The series follows the instrument the BIS and the Bank of Japan treat as the policy rate in each period — today the uncollateralized overnight call rate. Compiled by the BIS with the Bank of Japan.

The chart is a step at policy changes. From 1 Jan 1946 to 17 Sep 2026 (29,480 observations): mean 3.40%, median 3.65%; low -0.10% (21 Sep 2016), high 9.00% (22 Dec 1973). Not a mortgage or deposit rate. This page is not an official BIS publication.

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 South Africa desk leads with the SARB repo rate, from the BIS central bank policy rate series for South Africa, then US, UK and ECB rates. The repo rate is the rate at which the South African Reserve Bank lends to banks against eligible collateral; the BIS series records it as dated level changes from 1980 and the page draws it as daily steps. It is the country's main policy rate, not a mortgage or deposit rate.

This desk is reachable at its address but is not listed in the Country selector, and the page is set to noindex. All desks show the same official series in a different order, so the numbers match the hub. Values are republished with attribution to the BIS; this site is not an official BIS publication. The build ingests no South African retail rate series, so none is shown. This is not financial advice.