Central Bank Policy Rate
Live series
Monetary Policy / ~8x/year
1.25
JPY live macro board
Japan Macro Data Board
Japanese yen — the leading funding currency and a global safe haven.
The Japanese yen (JPY) is the official currency of Japan and the third-most-traded currency in the world. It is widely used as a funding currency in carry trades thanks to historically low Japanese interest rates, and tends to strengthen during global risk-off episodes.
Japan latest macro readings
A scan-ready view of the main JPY indicators, linking each series to its country page, latest announcement, and API endpoint.
Inflation Rate (CPI/HICP)
Live series
Economy / Monthly
2.1
Core Inflation
Live series
Economy / Monthly
2.1
Producer Price Index (PPI)
Live series
Economy / Monthly
6.8
Gross Domestic Product (GDP)
Live series
Economy / Quarterly
598.951
Unemployment Rate
Live series
Labor Market / Monthly
2.5
Trade Balance
Live series
Economy / Monthly
-536.558
Retail Sales
Live series
Economy / Monthly
13,072
10-Year Government Bond Yield
Live series
Government Bond Yields / Daily
2.914
Business Confidence
Live series
Economy / Quarterly
52.65
Consumer Confidence
Live series
Economy / Monthly
35.4
Current Account Balance
Live series
Economy / Monthly
40,619.68
| Indicator | Latest | Previous | Change | Updated | Source | Links |
|---|---|---|---|---|---|---|
|
Central Bank Policy Rate
Monetary Policy
|
1.25 | 1 | +0.25 | 2026-09-18 | Bank of Japan | Page /Release /API |
|
Inflation Rate (CPI/HICP)
Economy
|
2.1 | 1.9 | +0.2 | 2026-10-22 | Statistics Bureau | Page /Release /API |
|
Core Inflation
Economy
|
2.1 | 1.7 | +0.4 | 2026-10-22 | Statistics Bureau | Page /Release /API |
|
Producer Price Index (PPI)
Economy
|
6.8 | 7.6 | -0.8 | 2026-10-12 | Statistics Bureau | Page /Release /API |
|
Gross Domestic Product (GDP)
Economy
|
598.951 | 596.799 | +2.152 | 2026-08-16 | Cabinet Office | Page /Release /API |
|
Unemployment Rate
Labor Market
|
2.5 | 2.4 | +0.1 | 2026-10-01 | Statistics Bureau | Page /Release /API |
|
Trade Balance
Economy
|
-536.558 | -1,111.91 | +575.356 | 2026-10-20 | Ministry of Finance | Page /Release /API |
|
Retail Sales
Economy
|
13,072 | 13,842 | -770 | 2026-09-27 | Statistics Bureau | Page /Release /API |
|
10-Year Government Bond Yield
Government Bond Yields
|
2.914 | 2.923 | -0.009 | 2026-10-22 | Ministry of Finance | Page /API |
|
Business Confidence
Economy
|
52.65 | 49.75 | +2.9 | 2026-09-10 | Bank of Japan | Page /Release /API |
|
Consumer Confidence
Economy
|
35.4 | 35.5 | -0.1 | 2026-10-05 | National Statistics Office | Page /Release /API |
|
Current Account Balance
Economy
|
40,619.68 | 29,888.52 | +10,731.16 | 2026-10-07 | Ministry of Finance | Page /Release /API |
Japan release calendar
Upcoming and recent macro events for the JPY country view.
Tracked
Tracked
Tracked
Tracked
Tracked
Tracked
Tracked
Tracked
JPY currency market profile
Core identifiers, trading context, and product links for the JPY market.
Currency code
JPY
Japanese Yen
Policy institution
Bank of Japan
Primary central-bank or monetary authority reference.
Primary USD pair
USD/JPY
Fast path into the FX pair dashboard and market profile.
Trading session
Tokyo
Approximate primary liquidity window used across FXMacroData pages.
Symbol
¥
Display symbol used in product surfaces.
Also known as
yen
Common market shorthand where available.
Japan macro brief
The highest-signal pages for Japan include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Producer Price Index (PPI), with each page linking back to the source metadata, release history, and API endpoint.
The Bank of Japan (BoJ) Policy Board holds eight Monetary Policy Meetings per year and targets 2% CPI inflation. After decades of unconventional policy — zero rates, QQE, yield-curve control — the BoJ has been gradually normalising, and JGB yields and the BoJ's rate guidance are closely watched globally.
For JPY research, combine the country-level release map with the USD/JPY dashboard, release calendar, and API reference so macro events, source metadata, and FX context stay connected.
The pages below are organized by indicator rather than API route. That keeps the public website useful for research while still preserving the versioned API contract for developers.
What to watch
- BoJ Monetary Policy Meeting decision and Outlook Report.
- Japan national CPI and Tokyo CPI advance reading.
- Tankan survey (quarterly) and machinery orders.
- MoF FX intervention statements and reserves data.
- US 10-year Treasury yield (key cross-market driver).
Japan source map
Publisher groups represented in the checked-in coverage catalogue for this market.
Ministry of Finance
12 series
Bank of Japan
10 series
Statistics Bureau
9 series
Ministry of Finance Japan
5 series
National Statistics Office
2 series
Cabinet Office
1 series
RBA
1 series
Central Bank
1 series
Japan coverage by category
The country hub keeps rate, inflation, labour, growth, trade, credit, and market data grouped into the same reusable structure across countries.
Economy
11 / 11
Labor Market
5 / 5
Money & Credit
3 / 3
Monetary Policy
3 / 3
Government Bond Yields
15 / 16
Additional Indicators
0 / 3
Key Japan indicators
Highest-signal tracked releases for rates, inflation, growth, labour markets, and external balances.
Central Bank Policy Rate
Primary interest rate set by the Central Bank.
Published page
~8x/year
%
Starts 2007-02-21
Monetary Policy
Inflation Rate (CPI/HICP)
Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.
Published page
Monthly
%YoY
Starts 1990-01-31
Economy
Core Inflation
CPI excluding volatile items like food and energy.
Published page
Monthly
%YoY
Starts 2000-01-31
Economy
Producer Price Index (PPI)
Measures the average change over time in the selling prices received by domestic producers for their output.
Published page
Monthly
%YoY
Starts 1970-01-31
Economy
Gross Domestic Product (GDP)
Gross domestic product: the total value of goods and services produced in the economy, its broadest measure of activity. Depending on the country, the headline series is published as a level or as a growth rate; the unit shown with each series says which.
Published page
Quarterly
JPY tn
Starts 1994-03-31
Economy
Unemployment Rate
Percentage of the labor force that is unemployed.
Published page
Monthly
%
Starts 2000-01-31
Labor Market
Trade Balance
The difference between the value of a country's exports and imports.
Published page
Monthly
JPY bn
Starts 1979-01-31
Economy
Retail Sales
Measures change in the total value of sales at the retail level.
Published page
Monthly
JPY bn
Starts 2000-01-31
Economy
Published Japan indicator pages
Filter by indicator name, source, cadence, or category.
Economy
11 pages
Business Confidence
Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.
Quarterly
Index (0-100 normalized)
Starts 2004-06-30
Consumer Confidence
Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.
Monthly
Index (0-100 normalized)
Starts 1982-06-30
Core Inflation
CPI excluding volatile items like food and energy.
Monthly
%YoY
Starts 2000-01-31
Current Account Balance
Measures trade in goods and services and income flows.
Monthly
100 million yen
Starts 2000-01-31
Gross Domestic Product (GDP)
Gross domestic product: the total value of goods and services produced in the economy, its broadest measure of activity. Depending on the country, the headline series is published as a level or as a growth rate; the unit shown with each series says which.
Quarterly
JPY tn
Starts 1994-03-31
Housing Starts
Number of new residential construction projects that have begun in a given period, a key indicator of economic activity and construction sector health.
Monthly
Units
Starts 2000-01-31
Inflation Rate (CPI/HICP)
Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.
Monthly
%YoY
Starts 1990-01-31
Producer Price Index (PPI)
Measures the average change over time in the selling prices received by domestic producers for their output.
Monthly
%YoY
Starts 1970-01-31
Retail Sales
Measures change in the total value of sales at the retail level.
Monthly
JPY bn
Starts 2000-01-31
Trade Balance
The difference between the value of a country's exports and imports.
Monthly
JPY bn
Starts 1979-01-31
Trade-Weighted Index (NEER)
Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.
Monthly
Index (2020=100)
Starts 1994-01-31
Labor Market
5 pages
Employment Level
Total number of employed persons.
Monthly
Persons
Starts 1990-01-31
Full-Time Employment
Number of persons employed full-time.
Monthly
Persons
Starts 2013-01-31
Part-Time Employment
Number of persons employed part-time.
Monthly
Persons
Starts 2013-01-31
Labor Force Participation Rate
Ratio of the labor force to the working-age population.
Monthly
%
Starts 2000-01-31
Unemployment Rate
Percentage of the labor force that is unemployed.
Monthly
%
Starts 2000-01-31
Money & Credit
3 pages
Narrow Money (M1)
Currency in circulation + transaction deposits. RBNZ column A.
Monthly
JPY tn
Starts 2003-04-30
M2 Money Supply
M1 + savings deposits (on-call). RBNZ derived: column A + B1.
Monthly
JPY tn
Starts 2003-04-30
Broad Money (M3)
M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).
Monthly
JPY tn
Starts 2003-04-30
Monetary Policy
3 pages
Foreign Exchange Reserves
Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.
Monthly
USD bn
Starts 2000-04-30
Central Bank Policy Rate
Primary interest rate set by the Central Bank.
~8x/year
%
Starts 2007-02-21
Risk Free Rate
Overnight lending rate between banks.
Daily
%
Starts 2000-01-04
Government Bond Yields
15 pages
6-Year JGB Constant-Maturity Yield
The Japanese Ministry of Finance constant-maturity yield for a 6-year Japanese government bond, expressed as an annual percentage rate with semiannual compounding.
Daily
%
Starts 1990-01-04
8-Year JGB Constant-Maturity Yield
The Japanese Ministry of Finance constant-maturity yield for a 8-year Japanese government bond, expressed as an annual percentage rate with semiannual compounding.
Daily
%
Starts 1990-01-04
9-Year JGB Constant-Maturity Yield
The Japanese Ministry of Finance constant-maturity yield for a 9-year Japanese government bond, expressed as an annual percentage rate with semiannual compounding.
Daily
%
Starts 1990-01-04
15-Year JGB Constant-Maturity Yield
The Japanese Ministry of Finance constant-maturity yield for a 15-year Japanese government bond, expressed as an annual percentage rate with semiannual compounding.
Daily
%
Starts 1991-08-30
25-Year JGB Constant-Maturity Yield
The Japanese Ministry of Finance constant-maturity yield for a 25-year Japanese government bond, expressed as an annual percentage rate with semiannual compounding.
Daily
%
Starts 2004-03-22
10-Year Government Bond Yield
Daily
%
Starts 1986-07-05
1-Year Government Bond Yield
Daily
%
Starts 1974-09-24
20-Year Government Bond Yield
Daily
%
Starts 1986-12-01
2-Year Government Bond Yield
Daily
%
Starts 1974-09-24
30-Year Government Bond Yield
Daily
%
Starts 1999-09-02
3-Year Government Bond Yield
Daily
%
Starts 1974-09-24
40-Year Government Bond Yield
Daily
%
Starts 2007-11-06
4-Year Government Bond Yield
Daily
%
Starts 1974-09-24
5-Year Government Bond Yield
Daily
%
Starts 1974-09-24
7-Year Government Bond Yield
Daily
%
Starts 1974-09-24
Tracked Japan data catalogue
Coverage families already represented in the FXMacroData catalogue, including pages whose detailed docs are still pending.
Economy
11 tracked
Business Confidence
Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.
Published page
Quarterly
Bank of Japan
Starts 2004-06-30
Consumer Confidence
Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.
Published page
Monthly
National Statistics Office
Starts 1982-06-30
Core Inflation
CPI excluding volatile items like food and energy.
Published page
Monthly
Statistics Bureau
Starts 2000-01-31
Current Account Balance
Measures trade in goods and services and income flows.
Published page
Monthly
Ministry of Finance
Starts 2000-01-31
Gross Domestic Product (GDP)
Gross domestic product: the total value of goods and services produced in the economy, its broadest measure of activity. Depending on the country, the headline series is published as a level or as a growth rate; the unit shown with each series says which.
Published page
Quarterly
Cabinet Office
Starts 1994-03-31
Housing Starts
Number of new residential construction projects that have begun in a given period, a key indicator of economic activity and construction sector health.
Published page
Monthly
National Statistics Office
Starts 2000-01-31
Inflation Rate (CPI/HICP)
Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.
Published page
Monthly
Statistics Bureau
Starts 1990-01-31
Producer Price Index (PPI)
Measures the average change over time in the selling prices received by domestic producers for their output.
Published page
Monthly
Statistics Bureau
Starts 1970-01-31
Retail Sales
Measures change in the total value of sales at the retail level.
Published page
Monthly
Statistics Bureau
Starts 2000-01-31
Trade Balance
The difference between the value of a country's exports and imports.
Published page
Monthly
Ministry of Finance
Starts 1979-01-31
Trade-Weighted Index (NEER)
Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.
Published page
Monthly
Bank of Japan
Starts 1994-01-31
Labor Market
5 tracked
Employment Level
Total number of employed persons.
Published page
Monthly
Statistics Bureau
Starts 1990-01-31
Full-Time Employment
Number of persons employed full-time.
Published page
Monthly
Statistics Bureau
Starts 2013-01-31
Part-Time Employment
Number of persons employed part-time.
Published page
Monthly
Statistics Bureau
Starts 2013-01-31
Labor Force Participation Rate
Ratio of the labor force to the working-age population.
Published page
Monthly
Statistics Bureau
Starts 2000-01-31
Unemployment Rate
Percentage of the labor force that is unemployed.
Published page
Monthly
Statistics Bureau
Starts 2000-01-31
Money & Credit
3 tracked
Narrow Money (M1)
Currency in circulation + transaction deposits. RBNZ column A.
Published page
Monthly
Bank of Japan
Starts 2003-04-30
M2 Money Supply
M1 + savings deposits (on-call). RBNZ derived: column A + B1.
Published page
Monthly
Bank of Japan
Starts 2003-04-30
Broad Money (M3)
M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).
Published page
Monthly
Bank of Japan
Starts 2003-04-30
Monetary Policy
3 tracked
Foreign Exchange Reserves
Assets held by the central bank in foreign currencies, used to support the exchange rate and manage monetary policy. Key indicator of a country's external financial position.
Published page
Monthly
Bank of Japan
Starts 2000-04-30
Central Bank Policy Rate
Primary interest rate set by the Central Bank.
Published page
~8x/year
Bank of Japan
Starts 2007-02-21
Risk Free Rate
Overnight lending rate between banks.
Published page
Daily
Bank of Japan
Starts 2000-01-04
Government Bond Yields
16 tracked
6-Year JGB Constant-Maturity Yield
The Japanese Ministry of Finance constant-maturity yield for a 6-year Japanese government bond, expressed as an annual percentage rate with semiannual compounding.
Published page
Daily
Ministry of Finance Japan
Starts 1990-01-04
8-Year JGB Constant-Maturity Yield
The Japanese Ministry of Finance constant-maturity yield for a 8-year Japanese government bond, expressed as an annual percentage rate with semiannual compounding.
Published page
Daily
Ministry of Finance Japan
Starts 1990-01-04
9-Year JGB Constant-Maturity Yield
The Japanese Ministry of Finance constant-maturity yield for a 9-year Japanese government bond, expressed as an annual percentage rate with semiannual compounding.
Published page
Daily
Ministry of Finance Japan
Starts 1990-01-04
15-Year JGB Constant-Maturity Yield
The Japanese Ministry of Finance constant-maturity yield for a 15-year Japanese government bond, expressed as an annual percentage rate with semiannual compounding.
Published page
Daily
Ministry of Finance Japan
Starts 1991-08-30
25-Year JGB Constant-Maturity Yield
The Japanese Ministry of Finance constant-maturity yield for a 25-year Japanese government bond, expressed as an annual percentage rate with semiannual compounding.
Published page
Daily
Ministry of Finance Japan
Starts 2004-03-22
10-Year Government Bond Yield
Published page
Daily
Ministry of Finance
Starts 1986-07-05
1-Year Government Bond Yield
Published page
Daily
Ministry of Finance
Starts 1974-09-24
20-Year Government Bond Yield
Published page
Daily
Ministry of Finance
Starts 1986-12-01
2-Year Government Bond Yield
Published page
Daily
Ministry of Finance
Starts 1974-09-24
30-Year Government Bond Yield
Published page
Daily
Ministry of Finance
Starts 1999-09-02
3-Year Government Bond Yield
Published page
Daily
Ministry of Finance
Starts 1974-09-24
40-Year Government Bond Yield
Published page
Daily
Ministry of Finance
Starts 2007-11-06
4-Year Government Bond Yield
Published page
Daily
Ministry of Finance
Starts 1974-09-24
5-Year Government Bond Yield
Published page
Daily
Ministry of Finance
Starts 1974-09-24
7-Year Government Bond Yield
Published page
Daily
Ministry of Finance
Starts 1974-09-24
Inflation-Linked Bond Yield
Tracked in catalogue
Daily
RBA
Starts pending
Additional Indicators
3 tracked
Central Bank Reserves - Foreign Currency
Tracked in catalogue
Monthly
Bank of Japan
Starts pending
Central Bank Reserves - Gold
Tracked in catalogue
Monthly
Central Bank
Starts pending
Tankan Capex
Bank of Japan Tankan survey: planned capital expenditure by large enterprises for the current fiscal year.
Tracked in catalogue
Quarterly
Bank of Japan
Starts 2000-03-31
Japan guides and research
Explainers and analysis about Japan and the JPY, with the by-country tables that put its numbers in context.
Japan Government Bond Yields and Prices: JPY Guide
A country-specific guide to Japan government bond yields and prices, the JPY curve, monetary-policy and issuance drivers, FX transmission and the latest yields by maturity.
Learn Macro
Japanese Yen (JPY) Data Coverage: Indicators, Sources and Release Times
A practical guide to FXMacroData's 38 Japanese yen series: who publishes them, when they are released in Tokyo time and UTC, a real August 2026 CPI example from the...
Product
FXMacroData vs e-Stat API: Japan CPI and Labour Data for JPY Traders
A buyer guide for FX traders and developers choosing between Japan's free e-Stat API and FXMacroData for Japan CPI, core CPI, and Labour Force Survey data: access,...
Learn Macro
Compare Japan with other countries
Risk-free rates by country
The overnight benchmark rate for each currency, side by side.
Policy rates by country
Current central-bank policy rates across every covered market.
Inflation by country
Latest annual consumer price inflation for each market.
Government bond yields by country
Sovereign yields by maturity across covered markets.
JPY market drivers
Evergreen macro forces to keep beside the country data table.
Driver 1
BoJ policy rate, JGB yield-curve guidance, and forward guidance from the Governor.
Driver 2
US-Japan 10-year yield differential, the dominant driver of USD/JPY.
Driver 3
Risk sentiment and global equity volatility (VIX).
Driver 4
Japan CPI excluding fresh food and energy ('core-core').
Driver 5
MoF FX intervention rhetoric and balance-of-payments flows.
Driver 6
Tankan survey, industrial production, and machinery orders.
JPY questions traders ask
Currency-specific context that helps interpret the country data before moving into endpoints or dashboards.
Why is the yen considered a safe-haven currency?
Japan runs a large net international investment position, has a deep and liquid government bond market, and households hold significant overseas assets. In risk-off episodes, Japanese investors repatriate capital and carry-trade unwinds reverse, both of which support the yen.
What is yield-curve control?
Yield-curve control (YCC) is a monetary-policy tool the Bank of Japan introduced in 2016 in which it targeted both a short-term policy rate and a specific yield level for 10-year JGBs. The YCC framework has been progressively unwound as the BoJ has moved towards normalisation.
What is a JPY carry trade?
A carry trade involves borrowing in a low-yielding currency (historically the yen) and investing in a higher-yielding asset abroad. The strategy earns the interest-rate differential as long as the funding currency does not appreciate sharply.
Explore other countries
Move laterally into another country hub while keeping the same indicator-first structure.