September 29, 2020 Applicable Interest Rates after Review of Interest Rates for Local Government Loans of Postal Savings Assets and Simple Life Insurance Assets

The Ministry of Internal Affairs and Communications (MIC) has decided on the applicable interest rates for postal savings assets and simple life insurance assets after reviewing the interest rates for local public entity loans and notified the Organization for Postal Savings, Postal Life Insurance and Post Office Network of the same.

Effective from: October 1, 2020

[Review of five-year interest rates]

[Unit: %]

Loan period Deferment period
No fixed period Within 1 year Over 1 year and up to 2 years Over 2 years and up to 3 years Over 3 years and up to 4 years Over 4 years and up to 5 years
Over 15 and up to 16 years 0.001 0.001 0.001 0.001 0.001 0.001
Over 16 and up to 17 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 17 and up to 18 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 18 and up to 19 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 19 and up to 20 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 20 and up to 21 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 21 and up to 22 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 22 and up to 23 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 23 and up to 24 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 24 and up to 25 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 25 and up to 26 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 26 and up to 27 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 27 and up to 28 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 28 and up to 29 years 0.002 0.002 0.002 0.002 0.002 0.002
Over 29 and up to 30 years 0.002 0.002 0.002 0.002 0.002 0.002

Note: The corresponding interest rate in the above table is applied according to the initial loan period and deferment period.

Contact

For further information about this press release, please fill in the inquiry form and submit it to MIC on the website
https://www.soumu.go.jp/common/english_opinions.html

International Policy Division, Global Strategy Bureau, MIC

TEL: +81 3 5253 5920

FAX: +81 3 5253 5924

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