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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Real interest rate (%) climbed to 1.07 Percentage (%) in January 2017
World BankYearlyReleased January 2017
Japan Real interest rate (%) climbed to 1.07 Percentage (%) in January 2017, up 0.45 Percentage (%) from December's 0.62 Percentage (%) reading.
Latest Release
1.07
Latest (2017)
0.62
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Real Interest Rate (%) (Japan) was reported at 1.07 Percent in December 2017. The reading rose from the previous value of 0.62 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Core Inflation Rate YoY (Jun 18) and Inflation Rate YoY (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update December 2017.
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Real interest rate (%) - JP
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About Real interest rate (%) — Japan
WHY THIS INDICATOR MATTERS
Policy-rate decisions and associated communication are the primary near-term driver of front-end rates, currencies, and equity-discount-rate inputs. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - JP Events
| Thursday, June 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 23:30 | JP | Inflation Rate Ex-Food and Energy YoY | 1.9 | 1.9 | 1.95 | Low | |
| 23:30 | JP | Core Inflation Rate YoY | 1.4 | 1.4 | 1.35 | Medium | |
| 23:30 | JP | Inflation Rate YoY | 1.4 | 1.6 | 1.60 | High | |
| 23:30 | JP | Inflation Rate MoM | 0.1 | 0.3 | 0.10 | Low | |
| Tuesday, June 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:30 | JP | S&P Global Manufacturing PMI | 54.5 | 53.6 | 52.90 | Medium | |
| 00:30 | JP | S&P Global Services PMI | 50 | 50.3 | 50.95 | Medium | |
| 00:30 | JP | S&P Global Composite PMI | 51.1 | 50.8 | 51.40 | Low | |