Japan 10Y Bond Yield was 1.59 percent on Thursday March 27, according to over-the-counter interbank yield quotes for this government bond maturity. Japan 10 Year Government Bond Yield - values, historical data, forecasts and news - updated on March of 2025.

Japan 1 Year Bond Yield was 0.63 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Japan 52W.

Key information about Japan Short Term Government Bond Yield

• Japan Short Term Government Bond Yield: Daily: Japan: 1 Year was reported at 0.62 % pa in Mar 2025, compared with 0.62 % pa in the previous day.
• Japan Short Term Government Bond Yield data is updated daily, available from Sep 1974 to Mar 2025.
• The data reached an all-time high of 0.64 % pa in Mar 2025 and a record low of -0.37 % pa in Jul 2016.
• Short Term Government Bond Yield is reported by CEIC Data.

Japanese government bond yields mostly increased between October 2023 and October 2024. For instance, the 1-year bond yield went from -0.08 percent to 0.26 percent, and the 30-year yield increased from 1.97 percent to 2.47 percent. The increase in yields was consistent across both short- and long-term maturities during this period.

The average yearly yield of Japanese 10-year government bonds has shown a significant downward trend from 1990 to 2019. Starting at seven percent in 1990, yields steadily declined, with slight fluctuations, reaching a low of -0.11 percent in 2019. After 2019, yields began to rise again, reflecting recent increases in interest rates and inflation expectations.

Prices for Japan 1M including live quotes, historical charts and news. Japan 1M was last updated by Trading Economics this March 15 of 2025.

In January 2020, prior to the onset of the global coronavirus (COVID-19) pandemic, three of the seven largest economies by GDP had negative yields for two-year government bonds (Japan, Germany and France). With the onset of the pandemic, two-year bond yields in these countries actually rose slightly - in contrast to the other major economies, where yields fell over this period. As of December 2024, yields for two-year government bonds exhibited fluctuations across all countries. Notably, Japan showed a slight upward trend, while China experienced a modest decline.Negative yields assume that investors lack confidence in economic growth, meaning many investments (such as stocks) may lose value. Therefore, it is preferable to take a small loss on government debt that carries almost no risk to the investor, than risk a larger loss on other investments. As both the yen and euro are considered very safe assets, Japanese, German and French bonds were already being held by many investors prior to the pandemic as a hedge against economic downturn. Therefore, with the announcement of fiscal responses to the pandemic by many governments around March 2020, the value of these assets rose as confidence increased (slightly) that the worst case may be avoided. At the same time, yields on bonds with a higher return fell, as investors sought out investments with a higher return that were still considered safe.

Intraday 1 minute sample data for Japanese 1 Year Bond Yield JYY01Y timestamped in Chicago time

Japan 20 Year Bond Yield was 2.32 percent on Thursday March 27, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Japan 20Y.

As of January 7, 2025, the Japanese bond market displayed a positive spread of 48.7 basis points between 10-year and 2-year yields, indicating long-term rates above short-term ones. The 5-year versus 2-year spread and the 2-year versus 1-year spread also showed a positive value, at 15.7 and 14.9 basis points, respectively.

Japan 1 Month Bond Yield was 0.28 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Japan 1M.

Japan 40 Year Bond Yield was 2.94 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Japan 40 Year Bond Yield.

Intraday 1 minute sample data for Japanese 5 Year Bond Yield JYY05Y timestamped in Chicago time

Intraday 1 minute sample data for Japanese 15 Year Bond Yield JYY15Y timestamped in Chicago time

Of the largest economies by GDP, the United States saw the sharpest fall in absolute terms for 10-year government bond yields due to the coronavirus (COVID-19) pandemic. From a level of 1.51 percent in January 2020, yields on 10-year government bonds fell to 0.65 percent by April 2020, and had further fallen to 0.53 percent by July 2020 before starting to recover towards the end of the year. Conversely, countries that went into 2020 with already low bond yields like Japan, Germany and France actually saw a small increase in March 2020 - although these already low yields mean that these small changes are significant in relative terms. As of December 2024, the countries with the highest 10-year yields are the United Kingdom, the United States and Australia with 4.66, 4.54 and 4.46 percent, respectively.

Tick (Bids | Asks | Trades | Settle) sample data for Japanese 3 Year Bond Yield JYY03Y timestamped in Chicago time

Intraday 1 minute sample data for Japanese 20 Year Bond Yield JYY20Y timestamped in Chicago time

Intraday 1 minute sample data for Japanese 8 Year Bond Yield JYY08Y timestamped in Chicago time

As of December 2024, all United Kingdom government debt securities were returning positive yields, regardless of maturity. This places the yield of both UK short term bonds and long term bonds above that of major countries like Germany, France and Japan, but lower than the United States. What are government bonds? Government bonds are debt instruments where a certain amount of money is given to the issuer, in exchange for regular payments of interest over a fixed period. At the end of this period the issuer then returns the amount in full. Bonds differ from a regular loan through how they can be traded on financial markets once issued. This ability to trade bonds makes it more complex to measure the return investors receive from bonds, as the price they buy a bond for on the market may differ from the price the same bond was initially issued at. The yield is therefore calculated as what investors can expect to receive based on current market prices paid for the bond, not the value it was issued at. In total, UK government debt amounted to over 2.4 trillion British pounds in 2023 – with the majority being comprised of different types of UK government bonds. Why are inverted yield curves important? UK government bond yields over recent years have taken on a typical shape, with short term bonds having a lower yield than bonds with a maturity of 10 to 20 years. The higher yield of longer-term bonds compensates investors for the higher level of uncertainty in the future. However, if investors are sufficiently worried about both a short term economic decline, and low long term growth, they may prefer to purchase short term bonds in order to secure assets with regular interest payments in the here and now (as opposed to shares, which can lose a lot of value in a short time). This can lead to an inverted yield curve, where shorter term debt has a higher yield. Inverted yield curves are generally seen as a reliable indicator of a recession, with inverted yields occurring before most recent U.S. recessions. The major exception to this is the recession from the coronavirus pandemic – but even then, U.S. yield curves came perilously close to being inverted in mid-2019.

Intraday 1 minute sample data for Japanese 30 Year Bond Yield JYY30Y timestamped in Chicago time