# Japan Average Contract Interest Rate on Outstanding Loans and Discounts, Total (Domestically Licensed Banks)

Japan Average Contract Interest Rate on Outstanding Loans and Discounts, Total (Domestically Licensed Banks) was 1.5% in August 2026, unchanged from July 2026 and up 0.4 percentage points from a year earlier.
That is the highest reading since May 2011.
Over the past ten years it has ranged from 0.8% (Dec 2022) to 1.5% (Aug 2026), averaging 0.9%.

- Source agency: Bank of Japan
- Makrognosis code: `JP.LENDRATE.M.NSA`
- Frequency: monthly
- Units: %
- Coverage: 1996-01-01 to 2026-08-01 (368 observations)
- Page: https://makrognosis.robomacro.com/data/japan/average-contract-interest-rate-on-outstanding-loans-and-discounts-total

## Recent data

| Period | Value |
|---|---:|
| August 2026 | 1.5% |
| July 2026 | 1.5% |
| June 2026 | 1.5% |
| May 2026 | 1.4% |
| April 2026 | 1.3% |
| March 2026 | 1.3% |
| February 2026 | 1.3% |
| January 2026 | 1.2% |
| December 2025 | 1.2% |
| November 2025 | 1.2% |
| October 2025 | 1.2% |
| September 2025 | 1.2% |
| August 2025 | 1.1% |
| July 2025 | 1.1% |
| June 2025 | 1.1% |
| May 2025 | 1.1% |
| April 2025 | 1.1% |
| March 2025 | 1.0% |
| February 2025 | 1.0% |
| January 2025 | 1.0% |
| December 2024 | 0.9% |
| November 2024 | 0.9% |
| October 2024 | 0.9% |
| September 2024 | 0.9% |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/JP.LENDRATE.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/JP.LENDRATE.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```