The Bank of Japan estimates the country's natural interest rate is between -0.9% and +0.5%.

Japan's Natural Rate Hovers Between -0.9% and 0.5%

The Bank of Japan just released fresh numbers on the country's natural rate of interest. That's the neutral rate that neither juices nor weighs down the economy. According to the latest data, the estimate falls somewhere between -0.9% and 0.5%.

There's a fair amount of uncertainty around that estimate, the central bank noted. That means policymakers need to take a broad view when assessing the degree of monetary easing. They'll also need to keep a close eye on economic activity, prices, and financial developments as they go.