Historical Year Data · 2003

Japan 3M Interbank Rate in 2003

Japan 3M Interbank Rate opened 2003 at 0.10% and closed at 0.10%, a +0.00% move for the year. The high of 0.10% was reached on January 1, and the low of 0.08% on March 1.

Open

0.10%

2003-01

0.10%

12 data points

High

0.10%

Jan 1

Low

0.08%

Mar 1

Full Year Change

+0.00%

2002 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	0.10%	0.10%	0.10%	0.10%	+0.00%
Feb	0.09%	0.09%	0.09%	0.09%	+0.00%
Mar	0.08%	0.08%	0.08%	0.08%	+0.00%
Apr	0.08%	0.08%	0.08%	0.08%	+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	0.09%	0.09%	0.09%	0.09%	+0.00%
Sep	0.09%	0.09%	0.09%	0.09%	+0.00%
Oct	0.09%	0.09%	0.09%	0.09%	+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 2003

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.

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