Actual
3.0159
Daily Change
-0.07%
Monthly
0.10%
Yearly
1.32%
Q4 Forecast
2.9629
Japan 10 Year Government Bond Yield - Summary

Japan’s 10-year government bond yield fell toward 3% on Friday, hitting a two-week low as it tracked a decline in US Treasury yields following strong demand at the latest US 30-year bond auction despite the recent selloff. Domestically, data showed that Japan’s personal spending declined for a ninth consecutive month in August, as persistent inflation continued to weigh on consumer demand. On the monetary policy front, BOJ board member Ayano Sato, who previously opposed the central bank’s September rate hike, said this week she supported a gradual approach to raising interest rates in several stages, reinforcing expectations of further policy tightening. Meanwhile, Prime Minister Sanae Takaichi continued to pursue expansionary fiscal policies despite concerns over the weak yen and elevated bond yields, pledging to cut the consumption tax on food while emphasizing that the measures would be financed without issuing additional government bonds.

Japan 10 Year Government Bond Yield - Stats

The yield on Japan 10Y Bond Yield eased to 3.02% on October 9, 2026, marking a 0.07 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.10 points and is 1.32 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Japan 10 Year Government Bond Yield reached an all time high of 7.59 in June of 1984. Japan 10 Year Government Bond Yield - data, forecasts, historical chart - was last updated on October 10 of 2026.

Japan 10 Year Government Bond Yield - Forecast

The yield on Japan 10Y Bond Yield eased to 3.02% on October 9, 2026, marking a 0.07 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.10 points and is 1.32 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The Japan 10 Year Government Bond Yield is expected to trade at 2.96 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2.79 in 12 months time.



Bonds Yield Day Month Year Date
Japan 10Y 3.02 -0.070% 0.100% 1.320% Oct/09
Japan 1M 1.23 -0.009% 0.200% 0.718% Oct/09
Japan 3M 1.27 -0.005% 0.230% 0.810% Oct/09
Japan 6M 1.39 0.020% 0.100% 0.800% Oct/09
Japan 52W 1.64 -0.018% 0.097% 0.895% Oct/09
Japan 2Y 1.91 -0.024% 0.084% 0.989% Oct/09
Japan 3Y 2.08 -0.028% 0.084% 1.073% Oct/09
Japan 5Y 2.35 -0.047% 0.117% 1.119% Oct/09
Japan 7Y 2.75 -0.076% 0.116% 1.284% Oct/09
Japan 20Y 3.88 -0.079% 0.119% 1.162% Oct/09
Japan 30Y 4.06 -0.123% 0.050% 0.872% Oct/09
Japan 40Y 4.18 -0.067% 0.094% 0.716% Oct/09



Related Last Previous Unit Reference
Japan Inflation Rate 1.90 1.90 percent Aug 2026
Japan Interest Rate 1.25 1.00 percent Sep 2026
Japan Unemployment Rate 2.50 2.40 percent Aug 2026

Japan 10 Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
3.02 3.09 7.59 -0.29 1966 - 2026 percent Daily

News Stream
Japan 10Y Yield Tracks US Yields Lower
Japan’s 10-year government bond yield fell toward 3% on Friday, hitting a two-week low as it tracked a decline in US Treasury yields following strong demand at the latest US 30-year bond auction despite the recent selloff. Domestically, data showed that Japan’s personal spending declined for a ninth consecutive month in August, as persistent inflation continued to weigh on consumer demand. On the monetary policy front, BOJ board member Ayano Sato, who previously opposed the central bank’s September rate hike, said this week she supported a gradual approach to raising interest rates in several stages, reinforcing expectations of further policy tightening. Meanwhile, Prime Minister Sanae Takaichi continued to pursue expansionary fiscal policies despite concerns over the weak yen and elevated bond yields, pledging to cut the consumption tax on food while emphasizing that the measures would be financed without issuing additional government bonds.
2026-10-09
Japan 10Y Yield Eases as BOJ Rate Outlook in Focus
Japan’s 10-year government bond yield fell below 3.1%, retreating from 30-year highs as investors weighed the outlook for further Bank of Japan policy tightening. BOJ member Ayano Sato, who previously dissented from the central bank’s September rate hike, said she favored a gradual approach to raising interest rates in multiple stages, adding to expectations that policymakers could move again. Meanwhile, data showed Japan’s real wages increased 1.5% year-on-year in August, extending their gains to an eighth straight month and reinforcing expectations for further BOJ rate hikes. Elsewhere, Prime Minister Sanae Takaichi continued to pursue expansionary fiscal measures despite concerns over the weaker yen and elevated bond yields. In a parliamentary address, Takaichi pledged to lower the consumption tax on food while emphasizing that the government would fund the measures without issuing additional bonds, seeking to ease concerns in financial markets.
2026-10-07
Japan Yield Gains as Takaichi Vows Fiscal Expansion
Japan’s 10-year government bond yield climbed to around 3.12% on Tuesday, staying close to its highest level in three decades as Prime Minister Sanae Takaichi continued to pursue fiscal expansion despite concerns over a weak yen and elevated bond yields. Speaking to parliament, Takaichi pledged to lower the consumption tax on food and promote domestic investment while assuring markets that the government would fund the measures without issuing new bonds. Investors are also awaiting a series of economic indicators this week, including August figures for wages, the current account and household spending, as well as September data on consumer confidence and machine tool orders. Meanwhile, minutes from the Bank of Japan’s September meeting showed policymakers placing greater emphasis on containing inflation above the central bank’s 2% target. The discussion kept expectations for another rate hike this year alive, although officials provided limited guidance on the timing.
2026-10-06