Interest rate spread (lending rate minus deposit rate, %) in Japan
Japan: Interest rate spread (lending rate minus deposit rate, %) was 0.7% in 2017. ▼ Falling
Interest rate spread in Japan, 1993–2017
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
The most recent figure for interest rate spread in Japan is 0.7%, measured in 2017. That is the lowest value across all 25 years on record.
The figure is down 9.5% on the previous year and down 37.4% over ten years.
Over the whole period, interest rate spread in Japan peaked at 2.7% in 1993 and was at its lowest, 0.7%, in 2017.
Japan ranks 130th of 141 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Japan, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1993 | 2.7% | — |
| 1994 | 2.4% | -10.5% |
| 1995 | 2.6% | +7.0% |
| 1996 | 2.4% | -9.5% |
| 1997 | 2.1% | -8.9% |
| 1998 | 2.1% | -4.3% |
| 1999 | 2.0% | -0.5% |
| 2000 | 2.0% | -2.3% |
| 2001 | 1.9% | -4.2% |
| 2002 | 1.8% | -4.3% |
| 2003 | 1.8% | -2.7% |
| 2004 | 1.7% | -5.2% |
| 2005 | 1.4% | -16.6% |
| 2006 | 1.0% | -30.1% |
| 2007 | 1.1% | +9.5% |
| 2008 | 1.3% | +22.9% |
| 2009 | 1.3% | -2.4% |
| 2010 | 1.1% | -14.8% |
| 2011 | 1.0% | -5.4% |
| 2012 | 0.9% | -10.6% |
| 2013 | 0.8% | -18.1% |
| 2014 | 0.8% | +5.6% |
| 2015 | 0.7% | -8.4% |
| 2016 | 0.7% | +1.1% |
| 2017 | 0.7% | -9.5% |
Japan compared with similar countries
- Japan's 0.7% is below the median for high income countries, which is 3.1%, 22% of the median. (38 countries reporting)
- Japan's 0.7% is below the median for East Asia & Pacific, which is 5.0%, 14% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.3% | 2.0% | 2.7% | 7 |
| 2000s | 1.5% | 1.0% | 2.0% | 10 |
| 2010s | 0.8% | 0.7% | 1.1% | 8 |
Countries ranked near Japan
- 128 Lebanon 0.8% compare
- 129 Zambia 0.8% compare
- 131 Qatar 0.1% compare
- 132 Bangladesh -0.7% compare
- 133 Netherlands -0.9% compare
More financial sector data for Japan
- Reserve position in the IMF, US dollar, annual growth rate 10.42 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 91.29 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.15 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 66.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.42 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 91.29 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.15 % change on previous year (2025)
Frequently asked questions
- What is interest rate spread in Japan?
- Interest rate spread in Japan was 0.7% in 2017, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Japan?
- The highest recorded value was 2.7% in 1993.
- What is the lowest interest rate spread recorded in Japan?
- The lowest recorded value was 0.7% in 2017.
- How does Japan rank for interest rate spread?
- Japan ranks 130th out of 141 countries with data for 2017.
- Is interest rate spread rising or falling in Japan?
- Over the last ten years it is down 37.4%. The long-run trend across the full record is falling.
- Where does this Japan data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.