The yield on Japan 10Y Bond Yield eased to 1.44% on July 4, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.03 points, though it remains 0.37 points higher than a year ago, 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 July of 2025.

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.

In 2024, long-term government bond yields in Japan stood at **** percent. The yield on long-term government bonds with a residual maturity of around 10 years rose from **** percent in 2023.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Japan (IRLTLT01JPM156N) from Jan 1989 to May 2025 about long-term, 10-year, Japan, bonds, yield, government, interest rate, interest, and rate.

The yield on Japan 30 Year Bond Yield eased to 2.87% on July 4, 2025, marking a 0.09 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.02 points, though it remains 0.67 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Japan 30 Year Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

Key information about Japan Short Term Government Bond Yield

• Japan Short Term Government Bond Yield: Daily: Japan: 1 Year was reported at 0.65 % pa in Mar 2025, compared with 0.64 % 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 0.65 % 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.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Japan (IRLTLT01JPQ156N) from Q1 1989 to Q1 2025 about long-term, 10-year, Japan, bonds, yield, government, interest rate, interest, and rate.

Japanese government bond yields mostly increased between April 2024 and April 2025. For instance, the 1-year bond yield went from **** percent to **** percent, and the 30-year yield increased from **** percent to **** percent. The increase in yields was consistent across both short- and long-term maturities during this period.

In 2024, the average yield on 10-year government bonds in Japan was *** percent. In 2019, the yield on 10-year government bonds issued by the Japanese government turned negative for the second time since 1995.

The yield on Japan 2 Year Bond Yield eased to 0.74% on July 4, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.01 points, though it remains 0.40 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Japan 2 Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on Japan 5 Year Bond Yield eased to 0.97% on July 4, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.03 points, though it remains 0.39 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Japan 5 Year Note Yield - values, historical data, forecasts and news - updated on July of 2025.

In the fiscal year 2023, Japan issued government bonds (JGBs) worth ***** trillion Japanese yen. The issuance amount for fiscal year 2024 was planned to reach ***** trillion yen, according to the second supplementary budget. Japanese government bonds are debt securities issued to finance government spending.

The outstanding amount of government general bonds in Japan was planned to reach approximately 1.1 quadrillion Japanese yen by the end of the 2025 fiscal year. Due to the impact of the COVID-19 pandemic, the overall outstanding amount of general bonds issued by the central government leaped by about 60 trillion from fiscal 2019 to 2020.

As of December 2024, ***************** held ** percent of outstanding Japanese Government Bonds (JGBs). While ******************** held the largest share of JGBs, ***** accounted for **** percent of JGB holders.

Japan JP: Long-Term Interest Rate: Government Bonds data was reported at 1.845 % in 2026. This records an increase from the previous number of 1.345 % for 2025. Japan JP: Long-Term Interest Rate: Government Bonds data is updated yearly, averaging 3.029 % from Dec 1966 (Median) to 2026, with 61 observations. The data reached an all-time high of 8.871 % in 1980 and a record low of -0.098 % in 2019. Japan JP: Long-Term Interest Rate: Government Bonds data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.EO: Interest Rate: Forecast: OECD Member: Annual. IRL - Long-term interest rate on government bonds; Data refer to Japan Benchmark Bond - Redemption Yield 10 Years. Break in December 1998; pre-1998 refer to interest bearing government bonds (10 Years)

The yield on Japan 20 Year Bond Yield rose to 2.38% on July 4, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.02 points and is 0.44 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Japan 20Y.

In 2024, the ratio of Japanese government bonds (JGBs) held by households was *** percent. Japanese government bonds are debt securities issued by the government of Japan to finance government spending.

As of December 2023, around 13.5 percent of outstanding Japanese government bonds (JGBs) were held by foreign investors. The share of foreign investors holding JGBs declined for the first time in the past decade.

In the fiscal year 2024, the outstanding amount of Japanese government bonds (JGBs) reached approximately ******* trillion Japanese yen. Outstanding refunding bonds amounted to ***** trillion yen. According to the initial budget for the fiscal year 2025, outstanding government bonds were forecast to increase to ******* trillion yen.

As of April 16, 2025, the Japanese bond market displayed a positive spread of 68.5 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 22.6 and 10.6 basis points, respectively.