Japan’s 10-year government bond yield climbed to around 2.49% on Monday as oil prices spiked following President Donald Trump’s rejection of Iran’s response to his peace proposal, leaving the Strait of Hormuz effectively shut. Iran reportedly offered to transfer part of its highly enriched uranium stockpile to a third country, while refusing to dismantle its nuclear facilities. Rising energy prices have intensified inflation concerns, particularly for oil-importing economies such as Japan. Meanwhile, minutes from the Bank of Japan’s March meeting indicated that policymakers see scope for additional interest rate hikes if an Iran-related energy shock persists and continues to push up underlying inflation. Several members stressed the importance of avoiding delayed policy action that could force sharper tightening later, noting that the central bank may need to adjust the degree of monetary accommodation in a more timely manner if price pressures prove sustained.

The yield on Japan 10Y Bond Yield rose to 2.53% on May 11, 2026, marking a 0.05 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.05 points and is 1.14 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 May 12 of 2026.

The yield on Japan 10Y Bond Yield rose to 2.53% on May 11, 2026, marking a 0.05 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.05 points and is 1.14 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 2.45 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 2.28 in 12 months time.



Bonds Yield Day Month Year Date
Japan 10Y 2.55 0.023% 0.074% 1.159% May/12
Japan 1M 0.78 -0.003% -0.061% 0.344% May/11
Japan 3M 0.87 0.015% 0.025% 0.480% May/11
Japan 6M 0.95 0% 0.020% 0.540% May/11
Japan 52W 1.09 0.005% -0.018% 0.552% May/12
Japan 2Y 1.40 0.007% -0.003% 0.730% May/12
Japan 3Y 1.63 0.007% 0.016% 0.907% May/12
Japan 5Y 1.91 0.013% 0.032% 0.987% May/12
Japan 7Y 2.33 0.029% 0.063% 1.168% May/12
Japan 20Y 3.43 0.017% 0.030% 1.038% May/12
Japan 30Y 3.78 0.013% 0.071% 0.824% May/12
Japan 40Y 4.03 0.052% 0.093% 0.593% May/11



Related Last Previous Unit Reference
Japan Inflation Rate 1.50 1.30 percent Mar 2026
Japan Interest Rate 0.75 0.75 percent Apr 2026
Japan Unemployment Rate 2.70 2.60 percent Mar 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
2.53 2.48 7.59 -0.29 1966 - 2026 percent Daily

News Stream
Japan 10Y Bond Yield Hits Near 29-year High
Japan 10 Year Government Bond Yield increased to 2.54%, the highest since July 1997. Over the past 4 weeks, Japan 10Y Bond Yield gained 6.94 basis points, and in the last 12 months, it increased 115.40 basis points.
2026-05-12
Japan 10-Year Yield Rises as Oil Prices Surge
Japan’s 10-year government bond yield climbed to around 2.49% on Monday as oil prices spiked following President Donald Trump’s rejection of Iran’s response to his peace proposal, leaving the Strait of Hormuz effectively shut. Iran reportedly offered to transfer part of its highly enriched uranium stockpile to a third country, while refusing to dismantle its nuclear facilities. Rising energy prices have intensified inflation concerns, particularly for oil-importing economies such as Japan. Meanwhile, minutes from the Bank of Japan’s March meeting indicated that policymakers see scope for additional interest rate hikes if an Iran-related energy shock persists and continues to push up underlying inflation. Several members stressed the importance of avoiding delayed policy action that could force sharper tightening later, noting that the central bank may need to adjust the degree of monetary accommodation in a more timely manner if price pressures prove sustained.
2026-05-11
Japan 10Y Yield Rises as Mideast Tensions Flare
Japan’s 10-year government bond yield climbed to around 2.48% on Friday, reversing the prior session’s decline as renewed US-Iran clashes in the Strait of Hormuz lifted geopolitical risk and revived inflation concerns. Three US Navy destroyers transiting the strategic waterway reportedly intercepted Iranian attacks and conducted retaliatory strikes, although President Donald Trump said the ceasefire remains in effect. In Japan, data showed real wages rose for a third consecutive month in March, reinforcing expectations that the Bank of Japan could continue tightening policy even as the Middle East conflict adds uncertainty to the growth outlook. Meanwhile, minutes from the BOJ’s March meeting suggested policymakers see room for additional rate hikes if an Iran-related energy shock persists and sustains broader inflationary pressures.
2026-05-08