Mount Fuji, Japan

Japan TONAR (%, eop)

ECB Overnight Deposit Rate in Japan

Inflation rose to 3.5% in April (March: 3.2%), while core inflation rose to 3.4% (March: 3.1%). Our panelists see inflation dipping below the BoJ’s 2.0% target by Q4 2023, as last year’s spike in inflation was largely caused by cost-push factors. That said, recently higher-than-expected wage growth poses an upside risk.

Japan ECB Overnight Deposit Rate Chart

This chart displays ECB Overnight Deposit Rate (%, eop) for Japan from 2013 to 2022.

Japan ECB Overnight Deposit Rate Data

2017 2018 2019 2020 2021
TONAR (%, eop) -0.06 -0.06 -0.07 -0.03 -0.02

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