Japan’s benchmark 10-year bond yield rose 1 basis point to 0.23%, tracking its US counterpart higher as improving risk sentiment hurt demand for safe-haven debt. Meanwhile, the 10-year JGB yield held below the 0.25% implicit yield cap after the Bank of Japan kept its ultra-easy monetary settings unchanged, signaling its resolve to support the economic recovery from the pandemic. The decision was widely expected, but leaves the BOJ’s stance even more at odds with other major central banks, which are aggressively tightening policy to curb surging inflation. The BOJ left its key short-term interest rate unchanged at -0.1% and that for 10-year bond yields around 0% at its June meeting. The board also said it would offer to buy unlimited amounts of the bonds to defend an implicit 0.25% cap every market day, repeating the guidance on market operations it made in April.

Historically, the Japan Government Bond 10Y reached an all time high of 7.59 in June of 1984. Japan Government Bond 10Y - data, forecasts, historical chart - was last updated on June of 2022.

The Japan Government Bond 10Y is expected to trade at 0.25 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 0.33 in 12 months time.

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Japan Government Bond 10Y


Bonds Yield Day Month Year
Japan 10Y 0.24 0.005% -0.006% 0.196%
Japan 1M -0.16 0.005% -0.060% -0.065%
Japan 3M -0.15 0.005% -0.055% -0.050%
Japan 6M -0.13 0% -0.025% -0.030%
Japan 52W -0.10 0.005% -0.007% 0.027%
Japan 2Y -0.06 -0.016% 0.013% 0.055%
Japan 3Y -0.04 -0.022% 0% 0.088%
Japan 5Y 0.03 -0.010% 0.023% 0.137%
Japan 7Y 0.20 0.009% 0.064% 0.270%
Japan 20Y 0.91 -0.007% 0.148% 0.482%
Japan 30Y 1.32 0.040% 0.291% 0.640%


Japan Government Bond 10Y
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
0.24 0.23 7.59 -0.29 1984 - 2022 percent Daily