Japan’s 10-year government bond yield rose to around 2.69% on Monday, recovering from two-week lows as higher oil prices weighed on bond markets amid continued uncertainty over a lasting ceasefire between the US and Iran. Over the weekend, Washington and Tehran exchanged proposals seeking amendments to a draft agreement that would extend the ceasefire and reopen the Strait of Hormuz, though it remained unclear whether the negotiations were making meaningful headway. Markets continue to debate whether the Bank of Japan will raise interest rates this month, with policymakers facing increased uncertainty stemming from tensions in the Middle East. Investors are now awaiting remarks from BOJ Governor Kazuo Ueda later this week for further guidance on the central bank’s policy outlook. Meanwhile, Japan’s capital spending was unchanged in the first quarter from a year earlier, pointing to a loss of momentum in corporate investment activity.

The yield on Japan 10Y Bond Yield rose to 2.69% on June 1, 2026, marking a 0.03 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.18 points and is 1.18 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 June 1 of 2026.

The yield on Japan 10Y Bond Yield rose to 2.69% on June 1, 2026, marking a 0.03 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.18 points and is 1.18 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 2.64 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 2.45 in 12 months time.



Bonds Yield Day Month Year Date
Japan 10Y 2.69 0.030% 0.180% 1.177% Jun/01
Japan 1M 0.81 -0.020% 0.076% 0.375% Jun/01
Japan 3M 0.89 -0.009% 0.060% 0.475% Jun/01
Japan 6M 0.96 0.003% 0.057% 0.532% Jun/01
Japan 52W 1.09 0.003% 0.037% 0.517% Jun/01
Japan 2Y 1.41 0.046% 0.020% 0.653% Jun/01
Japan 3Y 1.59 0.019% -0.005% 0.779% Jun/01
Japan 5Y 1.92 0.037% 0.048% 0.888% Jun/01
Japan 7Y 2.40 0.035% 0.119% 1.188% Jun/01
Japan 20Y 3.60 0.027% 0.220% 1.194% Jun/01
Japan 30Y 3.93 0.013% 0.207% 0.990% Jun/01
Japan 40Y 3.82 0.022% -0.147% 0.739% Jun/01



Related Last Previous Unit Reference
Japan Inflation Rate 1.40 1.50 percent Apr 2026
Japan Interest Rate 0.75 0.75 percent Apr 2026
Japan Unemployment Rate 2.50 2.70 percent Apr 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
2.69 2.66 7.59 -0.29 1966 - 2026 percent Daily

News Stream
Japan 10-Year Yield Rebounds as Oil Prices Advance
Japan’s 10-year government bond yield rose to around 2.69% on Monday, recovering from two-week lows as higher oil prices weighed on bond markets amid continued uncertainty over a lasting ceasefire between the US and Iran. Over the weekend, Washington and Tehran exchanged proposals seeking amendments to a draft agreement that would extend the ceasefire and reopen the Strait of Hormuz, though it remained unclear whether the negotiations were making meaningful headway. Markets continue to debate whether the Bank of Japan will raise interest rates this month, with policymakers facing increased uncertainty stemming from tensions in the Middle East. Investors are now awaiting remarks from BOJ Governor Kazuo Ueda later this week for further guidance on the central bank’s policy outlook. Meanwhile, Japan’s capital spending was unchanged in the first quarter from a year earlier, pointing to a loss of momentum in corporate investment activity.
2026-06-01
Japan 10-Year Yield Hits 2-Week Low
Japan’s 10-year government bond yield declined to around 2.65% on Friday, reaching a two-week low amid increased uncertainty over the near-term outlook for monetary policy from the Bank of Japan. Reports that the US and Iran have reached a tentative agreement also eased concerns about inflation and interest rates, pulling global bond yields lower. Earlier in the week, BOJ Governor Kazuo Ueda highlighted rising inflation risks linked to higher oil prices but refrained from signaling whether a rate hike could be considered at the upcoming policy meeting. He emphasized the need to closely assess how energy-driven price pressures may affect Japan’s underlying inflation trend, without offering clear guidance on the timing of any policy shift. Meanwhile, recent data showed Japan’s retail sales growing at the fastest pace in a year, while industrial production unexpectedly rose, underscoring a mixed but generally resilient domestic economic backdrop.
2026-05-29
Japan 10Y Yield Falls After Ueda Remarks
Japan’s 10-year government bond yield fell below 2.7% after Bank of Japan Governor Kazuo Ueda highlighted rising inflation risks but refrained from indicating whether an interest rate hike could come at the next policy meeting. Ueda emphasized the importance of monitoring how oil price spikes could affect Japan’s underlying inflation trend, without providing clear guidance on how those dynamics might shape next month’s policy decision. Separately, BOJ Deputy Governor Ryozo Himino reiterated that the central bank remains open to further rate increases, while stressing that the timing and pace would depend on how the Middle East conflict feeds through to Japan’s economy and inflation outlook. At the same time, investors continued to track developments in the Middle East, where tentative signs of progress toward a US-Iran agreement were offset by renewed hostilities that kept uncertainty elevated.
2026-05-27