Japan has officially lost its status as the country with the world's lowest interest rate, a title now held by Switzerland. Reports indicate that Japan's policy interest rate has surpassed that of Switzerland, leading to a reduction in yen-selling pressure. This shift marks a significant change in the global interest rate landscape, as Japan had maintained the lowest rate among major advanced economies since September 2022. Analysts suggest that the easing of yen-selling pressure could stabilize the currency, although the yen remains at historically low levels in terms of its real effective exchange rate. The recent developments in interest rates have prompted financial institutions, such as HSBC, to revise their yen forecasts upward.