Interest rate spread in Japan
Japan: Interest rate spread 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 140 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 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% |
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
- Net domestic credit (current LCU), per capita 14.80 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 411.71 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate -0.9434 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 951.96 million SDR (2025)
- Gold reserves at market value 86.75 billion SDR (2025)
- Reserves excluding gold, foreign exchange 861.99 billion SDR (2025)
- Reserves excluding gold 914.64 billion SDR (2025)
- Total reserves (gold at market value) 1.00 trillion SDR (2025)
- Total reserves (gold at national valuation) 1.00 trillion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 8,108 SDR per person (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 140 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.