Bank of Japan

Call rate target, 1.00% since 17 June 2026.

as of 2026-09-08 ยท own history joined to BIS ยท 194 decisions since 1882

JapanยทJPYยทall central banks
2026-09-08 ยท 1.00%
0246810Official discount rateOfficial discount rateOfficial discount rateCall rate target18821918195419902026

Every decision

Newest first; a shaded row marks a change of instrument.

2026-06-171.00%
Call rate target+0.25%
2025-12-220.75%
Call rate target+0.25%
2025-01-270.50%
Call rate target+0.25%
2024-08-010.25%
Call rate target+0.20%
2024-03-210.05%
Call rate target+0.15%
2016-09-21-0.10%
Call rate targetโˆ’0.15%
2010-10-050.05%
Call rate targetโˆ’0.05%
2008-12-190.10%
Call rate targetโˆ’0.20%
2008-10-310.30%
Call rate targetโˆ’0.20%
2007-02-210.50%
Call rate target+0.25%
2006-07-140.25%
Call rate target+0.25%
2006-03-090.00%
Call rate targetโˆ’0.15%
Show all 197 decisions
2001-02-280.15%
Call rate targetโˆ’0.10%
1998-09-090.25%
Call rate targetโˆ’0.25%

1995-09-09: The discount rate stopped moving with monetary policy after the 1995 easing cycle; from here the level is BIS Japan daily (uncollateralized overnight call rate target, later the BOJ policy rate under QQE/YCC).

1995-09-080.50%
Official discount rateโˆ’0.50%
1995-04-141.00%
Official discount rateโˆ’0.75%
1993-09-211.75%
Official discount rateโˆ’0.75%
1993-02-042.50%
Official discount rateโˆ’0.75%
1992-07-273.25%
Official discount rateโˆ’0.50%
1992-04-013.75%
Official discount rateโˆ’0.75%
1991-12-304.50%
Official discount rateโˆ’0.50%
1991-11-145.00%
Official discount rateโˆ’0.50%
1991-07-015.50%
Official discount rateโˆ’0.50%
1990-08-306.00%
Official discount rate+0.75%
1990-03-205.25%
Official discount rate+1.00%
1989-12-254.25%
Official discount rate+0.50%
1989-10-113.75%
Official discount rate+0.50%
1989-05-313.25%
Official discount rate+0.75%
1987-02-232.50%
Official discount rateโˆ’0.50%
1986-11-013.00%
Official discount rateโˆ’0.50%
1986-04-213.50%
Official discount rateโˆ’0.50%
1986-03-104.00%
Official discount rateโˆ’0.50%
1986-01-304.50%
Official discount rateโˆ’0.50%
1983-10-225.00%
Official discount rateโˆ’0.50%
1981-12-115.50%
Official discount rateโˆ’0.75%
1981-03-186.25%
Official discount rateโˆ’1.00%
1980-11-067.25%
Official discount rateโˆ’1.00%
1980-08-208.25%
Official discount rateโˆ’0.75%
1980-03-199.00%
Official discount rate+1.75%
1980-02-197.25%
Official discount rate+1.00%
1979-11-026.25%
Official discount rate+1.00%
1979-07-245.25%
Official discount rate+1.00%
1979-04-174.25%
Official discount rate+0.75%
1978-03-163.50%
Official discount rateโˆ’0.75%
1977-09-054.25%
Official discount rateโˆ’0.75%
1977-04-195.00%
Official discount rateโˆ’1.00%
1977-03-126.00%
Official discount rateโˆ’0.50%
1975-10-246.50%
Official discount rateโˆ’1.00%
1975-08-137.50%
Official discount rateโˆ’0.50%
1975-06-078.00%
Official discount rateโˆ’0.50%
1975-04-168.50%
Official discount rateโˆ’0.50%
1973-12-229.00%
Official discount rate+2.00%
1973-08-297.00%
Official discount rate+1.00%
1973-07-026.00%
Official discount rate+0.50%
1973-05-305.50%
Official discount rate+0.50%
1973-04-025.00%
Official discount rate+0.75%
1972-06-244.25%
Official discount rateโˆ’0.50%
1971-12-294.75%
Official discount rateโˆ’0.50%
1971-07-285.25%
Official discount rateโˆ’0.25%
1971-05-085.50%
Official discount rateโˆ’0.25%
1971-01-205.75%
Official discount rateโˆ’0.25%
1970-10-286.00%
Official discount rateโˆ’0.25%
1969-09-016.25%
Official discount rateโ€”

1969-09-01: Gap between two of the Bank's own release tables, 1968-08-08 to 1969-08-31 (not published in either).

1968-08-075.84%
Official discount rateโˆ’0.37%
1968-01-066.21%
Official discount rate+0.37%
1967-09-015.84%
Official discount rate+0.36%
1965-06-265.48%
Official discount rateโˆ’0.36%
1965-04-035.84%
Official discount rateโˆ’0.37%
1965-01-096.21%
Official discount rateโˆ’0.36%
1964-03-186.57%
Official discount rate+0.73%
1963-04-205.84%
Official discount rateโˆ’0.37%
1963-03-206.21%
Official discount rateโˆ’0.36%
1962-11-276.57%
Official discount rateโˆ’0.37%
1962-10-276.94%
Official discount rateโˆ’0.36%
1961-09-297.30%
Official discount rate+0.36%
1961-07-226.94%
Official discount rate+0.37%
1961-01-266.57%
Official discount rateโˆ’0.37%
1960-08-246.94%
Official discount rateโˆ’0.36%
1959-12-027.30%
Official discount rate+0.36%
1959-02-196.94%
Official discount rateโˆ’0.36%
1958-09-057.30%
Official discount rateโˆ’0.37%
1958-06-187.67%
Official discount rateโˆ’0.73%
1957-05-088.40%
Official discount rate+0.73%
1957-03-207.67%
Official discount rate+0.37%
1955-08-107.30%
Official discount rateโ€”

1955-08-10: Gap in the Bank's own published discount-rate table, 1936-04-08 to 1955-08-09 (wartime and occupation-era rates are not published in this series); resumes here from the Bank's own postwar table.

1936-04-073.29%
Official discount rateโˆ’0.36%
1933-07-033.65%
Official discount rateโˆ’0.73%
1932-08-184.38%
Official discount rateโˆ’0.73%
1932-06-085.11%
Official discount rateโˆ’0.73%
1932-03-125.84%
Official discount rateโˆ’0.73%
1931-11-056.57%
Official discount rate+0.73%
1931-10-065.84%
Official discount rate+0.73%
1930-10-075.11%
Official discount rateโˆ’0.37%
1927-10-105.48%
Official discount rateโˆ’0.36%
1927-03-095.84%
Official discount rateโˆ’0.73%
1926-10-046.57%
Official discount rateโˆ’0.73%
1925-04-157.30%
Official discount rateโˆ’0.73%
1919-11-198.03%
Official discount rate+0.73%
1919-10-067.30%
Official discount rate+0.73%
1918-11-256.57%
Official discount rate+0.73%
1918-09-165.84%
Official discount rate+0.73%
1917-03-165.11%
Official discount rateโˆ’0.73%
1916-07-055.84%
Official discount rateโˆ’0.73%
1916-04-176.57%
Official discount rateโˆ’0.73%
1914-07-067.30%
Official discount rate+0.73%
1912-11-146.57%
Official discount rate+0.36%
1912-10-026.21%
Official discount rate+0.37%
1912-02-075.84%
Official discount rate+0.36%
1911-09-275.48%
Official discount rate+0.73%
1910-03-074.75%
Official discount rateโˆ’0.36%
1910-01-115.11%
Official discount rateโˆ’0.73%
1909-08-135.84%
Official discount rateโˆ’0.73%
1909-05-046.57%
Official discount rateโˆ’0.73%
1907-12-047.30%
Official discount rate+0.73%
1906-05-016.57%
Official discount rateโˆ’0.73%
1906-03-137.30%
Official discount rateโˆ’0.73%
1905-06-168.03%
Official discount rate+0.73%
1904-12-197.30%
Official discount rate+0.73%
1904-07-026.57%
Official discount rate+0.73%
1903-03-185.84%
Official discount rateโˆ’0.37%
1902-12-096.21%
Official discount rateโˆ’0.36%
1902-10-036.57%
Official discount rateโˆ’0.73%
1902-06-277.30%
Official discount rateโˆ’0.73%
1902-03-198.03%
Official discount rateโˆ’0.73%
1900-07-188.76%
Official discount rate+0.36%
1900-04-188.40%
Official discount rate+0.73%
1900-03-207.67%
Official discount rate+0.73%
1899-11-276.94%
Official discount rate+0.73%
1899-11-106.21%
Official discount rate+0.37%
1899-07-285.84%
Official discount rateโˆ’0.37%
1899-04-126.21%
Official discount rateโˆ’0.36%
1899-03-116.57%
Official discount rateโˆ’0.37%
1899-02-106.94%
Official discount rateโˆ’0.36%
1898-12-077.30%
Official discount rateโˆ’0.73%
1898-10-088.03%
Official discount rateโˆ’0.73%
1898-03-148.76%
Official discount rate+0.36%
1898-02-098.40%
Official discount rate+0.37%
1897-10-238.03%
Official discount rate+0.36%
1897-08-117.67%
Official discount rate+0.37%
1896-09-077.30%
Official discount rate+0.36%
1895-07-126.94%
Official discount rateโˆ’0.73%
1894-07-267.67%
Official discount rate+0.37%
1894-06-197.30%
Official discount rate+0.36%
1894-02-086.94%
Official discount rate+0.37%
1894-01-226.57%
Official discount rate+0.36%
1893-11-216.21%
Official discount rate+0.73%
1893-09-025.48%
Official discount rate+0.73%
1893-05-314.75%
Official discount rateโˆ’0.36%
1893-03-235.11%
Official discount rateโˆ’0.73%
1892-11-245.84%
Official discount rateโˆ’0.37%
1891-07-216.21%
Official discount rateโˆ’0.36%
1891-05-066.57%
Official discount rateโˆ’0.73%
1891-03-027.30%
Official discount rate+0.73%
1890-10-206.57%
Official discount rate+0.36%
1890-06-146.21%
Official discount rateโˆ’0.73%
1889-09-036.94%
Official discount rate+0.19%
1889-08-196.75%
Official discount rate+0.18%
1889-06-016.57%
Official discount rate+0.18%
1889-05-086.39%
Official discount rate+0.37%
1889-02-196.02%
Official discount rateโˆ’0.37%
1889-02-016.39%
Official discount rateโˆ’0.18%
1889-01-046.57%
Official discount rateโˆ’0.18%
1888-09-296.75%
Official discount rate+0.18%
1888-08-246.57%
Official discount rate+0.36%
1888-06-026.21%
Official discount rate+0.37%
1888-05-115.84%
Official discount rate+0.36%
1888-03-105.48%
Official discount rateโˆ’0.36%
1888-01-045.84%
Official discount rate+0.36%
1887-01-245.48%
Official discount rateโˆ’0.36%
1886-10-225.84%
Official discount rate+0.36%
1886-10-145.48%
Official discount rate+0.55%
1886-06-224.93%
Official discount rateโˆ’0.55%
1886-05-285.48%
Official discount rateโˆ’0.36%
1886-05-035.84%
Official discount rateโˆ’0.37%
1886-04-096.21%
Official discount rateโˆ’0.36%
1886-03-066.57%
Official discount rateโˆ’0.37%
1885-08-256.94%
Official discount rateโˆ’0.36%
1885-08-067.30%
Official discount rateโˆ’0.73%
1885-05-098.03%
Official discount rateโˆ’0.37%
1885-04-178.40%
Official discount rateโˆ’0.36%
1885-04-028.76%
Official discount rateโˆ’0.73%
1885-02-019.49%
Official discount rate+0.73%
1884-11-198.76%
Official discount rate+0.73%
1884-08-128.03%
Official discount rate+0.36%
1884-07-187.67%
Official discount rate+0.37%
1884-07-037.30%
Official discount rate+0.73%
1884-04-266.57%
Official discount rateโˆ’0.73%
1883-12-107.30%
Official discount rateโˆ’0.37%
1883-11-297.67%
Official discount rateโˆ’0.36%
1883-10-028.03%
Official discount rateโˆ’1.83%
1883-04-019.86%
Official discount rate+1.10%
1883-03-148.76%
Official discount rateโˆ’0.73%
1882-11-219.49%
Official discount rateโˆ’0.73%
1882-10-1110.22%
Official discount rateโ€”

Where these numbers come from

Own official/basic discount rate change tables from the Bank's own releases, 1882-10-11 to 1995-09-08 (with two undocumented gaps: 1936-04-08 to 1955-08-09, and 1968-08-08 to 1969-08-31, neither bridged by BIS since BIS Japan does not track the discount rate in those windows either). From 1995-09-09, once the discount rate stopped moving with monetary policy, the level is BIS Japan daily (the uncollateralized overnight call rate target, later the BOJ policy rate). BIS Japan daily agrees on 14 of 14 overlapping change dates checked from the splice (0.0% disagreement, necessarily 0 since the tail is BIS-derived).