Historical Year Data · 2002

Japan 3M Interbank Rate in 2002

Japan 3M Interbank Rate opened 2002 at 0.10% and closed at 0.10%, a +0.00% move for the year. The high of 0.10% was reached on April 1, and the low of 0.07% on August 1.

Open

0.10%

2002-01

0.10%

9 data points

High

0.10%

Apr 1

Low

0.07%

Aug 1

Full Year Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Apr	0.10%	0.10%	0.10%	0.10%	+0.00%
May	0.08%	0.08%	0.08%	0.08%	+0.00%
Jun	0.09%	0.09%	0.09%	0.09%	+0.00%
Jul	0.09%	0.09%	0.09%	0.09%	+0.00%
Aug	0.07%	0.07%	0.07%	0.07%	+0.00%
Sep	0.08%	0.08%	0.08%	0.08%	+0.00%
Oct	0.08%	0.08%	0.08%	0.08%	+0.00%
Nov	0.08%	0.08%	0.08%	0.08%	+0.00%
Dec	0.10%	0.10%	0.10%	0.10%	+0.00%

Events During 2002

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

1998 Euro Launch & 1999 Introduction

Goldilocks

May 1998 – January 2002

Eleven European Union members locked exchange rates on January 1, 1999, creating the euro as a virtual currency. Physical notes and coins circulated from January 1, 2002. The euro became the largest monetary experiment since Bretton Woods.

2000 Dotcom Crash

Deflation

March 2000 – October 2002

The Nasdaq Composite peaked at 5,048 on March 10, 2000 and fell 78% over 31 months. Internet companies went bankrupt en masse. The crash reshaped venture capital, corporate governance, and accounting standards.

Next Year

Japan 3M Interbank Rate in 2003→