The yield on Japan 10Y Bond Yield rose to 1.66% on September 22, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.04 points and is 0.80 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 September 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.

The Ministry of Finance provides daily Short Term Government Bond Yield.

The yield on Japan 2 Year Bond Yield rose to 0.94% on September 22, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.06 points and is 0.54 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 September 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.

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 Aug 2025 about long-term, 10-year, Japan, bonds, yield, government, interest rate, interest, and rate.

The yield on Japan 30 Year Bond Yield rose to 3.18% on September 22, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.03 points, though it remains 1.10 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 September of 2025.

Japan Bonds Issues: Amount: Yen Denominated Bonds data was reported at 357.600 JPY bn in Sep 2018. This records an increase from the previous number of 176.200 JPY bn for Aug 2018. Japan Bonds Issues: Amount: Yen Denominated Bonds data is updated monthly, averaging 105.300 JPY bn from Jan 1997 (Median) to Sep 2018, with 261 observations. The data reached an all-time high of 849.000 JPY bn in Jun 2007 and a record low of 0.000 JPY bn in Sep 2017. Japan Bonds Issues: Amount: Yen Denominated Bonds data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.O004: Securities Issuance: Payment Basis.

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 5 Year Bond Yield rose to 1.23% on September 22, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.07 points and is 0.72 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 September of 2025.

As of December 2024, the countries with the highest 10-year yields are the United Kingdom, the United States and Australia with 4.68, 4.38 and 4.21 percent, respectively. 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.

In June 2025, the average yield on ten-year government bonds in the United States was **** percent. This was the ******* of the selected developed economies considered in this statistic. Bonds and yields – additional information The bond yield indicates the level of return that the investor can expect from a given type of bond. The government of Italy, for instance, offered the investors **** percent yield on ten-year government bonds for borrowing their money in June 2025. In the United States, government needs are also financed by selling various debt instruments such as Treasury bills, notes, bonds and savings bonds to investors. The largest holders of U.S. debt are the Federal Reserve and Government accounts in the United States. The major foreign holders of the United States treasury securities are Japan, Mainland China, and the United Kingdom.

The yield on Japan 40 Year Bond Yield rose to 3.40% on September 22, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.04 points, though it remains 1.02 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 40 Year Bond Yield.

Japan Corporate Straight Bonds: Issue data was reported at 599.500 JPY bn in May 2018. This records a decrease from the previous number of 848.500 JPY bn for Apr 2018. Japan Corporate Straight Bonds: Issue data is updated monthly, averaging 541.000 JPY bn from Jan 1988 (Median) to May 2018, with 365 observations. The data reached an all-time high of 2,294.500 JPY bn in Sep 2016 and a record low of 11.400 JPY bn in Oct 1989. Japan Corporate Straight Bonds: Issue data remains active status in CEIC and is reported by Japan Securities Dealers Association. The data is categorized under Global Database’s Japan – Table JP.Z026: Bonds: Issue, Redemption and Outstanding Amount.

The interest rate on newly issued 10-year Japanese Government Bonds (JGBs) in August 2025 was around **** percent. The highest interest rate since January 2020 was recorded in March 2025.

Key information about Japan Long Term Interest Rate

• Japan Bonds Yield: Government Bonds: Newly Issued: 10 Years: Month End was reported at 1.37 % pa in Feb 2025, compared with 1.24 % pa in the previous month.
• Japan Long Term Interest Rate data is updated monthly, available from Dec 1998 to Feb 2025.
• The data reached an all-time high of 2.10 % pa in Jan 1999 and a record low of -0.28 % pa in Aug 2019.
• Long Term Interest Rate is reported by reported by Bank of Japan.

Data refers to yield of newly issued 10-year Japanese Government Bond yield. Yield figures before November 2014 are rates on the latest transaction. Yield figures from November 2014 onwards are rates based on JGB closing prices.


Related information about Japan Long Term Interest Rate

• In the latest reports, Japan Short Term Interest Rate: Month End: TIBOR: Japanese Yen: 3 Months was reported at 0.79 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Japan: Complementary Deposit Facility Interest Rate) was set at -0.10 % pa in Jun 2023.
• Japan Exchange Rate against USD averaged 141.36 (USD/JPY) in Jun 2023.

The yield on Japan 20 Year Bond Yield rose to 2.65% on September 22, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has fallen by 0 points, though it remains 0.95 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.

Japan Ref Stat Prices (Yields): Corporate Bonds >4 yrs & <5 yrs:AA-rated data was reported at 0.118 % pa in Oct 2018. This records a decrease from the previous number of 0.138 % pa for Sep 2018. Japan Ref Stat Prices (Yields): Corporate Bonds >4 yrs & <5 yrs:AA-rated data is updated monthly, averaging 0.141 % pa from Oct 2013 (Median) to Oct 2018, with 61 observations. The data reached an all-time high of 0.363 % pa in Oct 2013 and a record low of 0.037 % pa in Jun 2016. Japan Ref Stat Prices (Yields): Corporate Bonds >4 yrs & <5 yrs:AA-rated data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.M007: Bonds: Yield.

Japan Bonds Yield: Government Bonds: Newly Issued: 5 Years data was reported at -0.085 % pa in Oct 2018. This records a decrease from the previous number of -0.075 % pa for Sep 2018. Japan Bonds Yield: Government Bonds: Newly Issued: 5 Years data is updated monthly, averaging -0.075 % pa from Oct 2013 (Median) to Oct 2018, with 61 observations. The data reached an all-time high of 0.235 % pa in Dec 2013 and a record low of -0.315 % pa in Jun 2016. Japan Bonds Yield: Government Bonds: Newly Issued: 5 Years data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.M007: Bonds: Yield.

Government bond spreads as of April 15, 2025, varied widely among the largest economies when compared to German Bunds and U.S. Treasury notes. The United Kingdom's bond spread was the higest against both, with ***** basis points (bps) over Germany and **** bps over the U.S. In contrast, China and Japan display negative spreads, with Japan having the lowest spread at ****** bps against U.S. Treasuries. Italy, the United Kingdom, and Canada showed moderate spreads. Positive bond spreads indicate that a country’s government bonds have higher yields compared to the benchmark bonds - in this case, the German Bunds and U.S. Treasury notes. Higher spreads often signal perceived higher risk or economic uncertainty, as investors demand greater returns for holding these bonds. expectations. Conversely, negative spreads mean that these bonds offer lower yields than the benchmark. Negative spreads often indicate strong investor confidence, safe-haven status, or lower inflation expectations, as investors are willing to accept lower returns for the perceived stability of these bonds.

The yield on Japan 1 Year Bond Yield rose to 0.74% on September 22, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.09 points and is 0.50 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 52W.