The yield on Japan 10Y Bond Yield eased to 1.40% on July 1, 2025, marking a 0.04 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.11 points, though it remains 0.31 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.

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.

The yield on Japan 30 Year Bond Yield eased to 2.91% on July 1, 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 0.65 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.

Japanese government bonds (JGBs) accounted for 88.3 percent of all bonds issued in Japan in 2023. Straight corporate bonds followed, reaching a share of 6.3 percent. Bonds as a means of debt financing Bonds are a form of debt financing. Companies or governments issue bonds to raise capital and investors receive interest on bonds until they reach maturity. The annual issuance amount of bonds issued by the Japanese government (JGBs) exceeded 200 trillion Japanese yen in the fiscal year 2022. The value of yearly issued corporate bonds in Japan has been relatively small. Sustainable finance Over the past decade, ESG (environmental, social, and governance) investment has emerged as a response to the growing awareness of sustainability issues. This includes ESG bonds: green, social, and sustainability bonds that raise funds for projects addressing environmental and social issues.Since the first green bond in Japan was issued in 2014, the Japanese ESG bond market has grown significantly. The issuance amount of green bonds reached almost three trillion Japanese yen in 2023. While the sustainability bond market has been smaller, its growth accelerated in 2019, when issuance amounts more than doubled compared to the previous year.

The yield on Japan 40 Year Bond Yield rose to 3.09% on July 1, 2025, marking a 0 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.01 points and is 0.70 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.

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.

Japan TSE: Market Capitalization: Convertible Bonds data was reported at 304.011 JPY bn in Jun 2018. This records an increase from the previous number of 300.242 JPY bn for May 2018. Japan TSE: Market Capitalization: Convertible Bonds data is updated monthly, averaging 8,453.325 JPY bn from Aug 1987 (Median) to Jun 2018, with 371 observations. The data reached an all-time high of 20,136.987 JPY bn in Nov 1996 and a record low of 135.096 JPY bn in Apr 2014. Japan TSE: Market Capitalization: Convertible Bonds data remains active status in CEIC and is reported by Japan Exchange Group. The data is categorized under Global Database’s Japan – Table JP.Z006: Tokyo Stock Exchange: Market Capitalization.

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

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.

In 2023, the value of bond issuances in Japan reached around ***** trillion Japanese yen. The issuance amount of Japanese government bonds rose to over *** trillion yen. The issuance amount of corporate bonds was ** trillion yen.

TSE: Turnover: Value: Foreign Stocks: Prime Market: Daily Average data was reported at 0.003 JPY bn in Mar 2025. This records a decrease from the previous number of 0.004 JPY bn for Feb 2025. TSE: Turnover: Value: Foreign Stocks: Prime Market: Daily Average data is updated monthly, averaging 0.004 JPY bn from Apr 2022 (Median) to Mar 2025, with 36 observations. The data reached an all-time high of 0.065 JPY bn in Mar 2024 and a record low of 0.000 JPY bn in Feb 2023. TSE: Turnover: Value: Foreign Stocks: Prime Market: Daily Average data remains active status in CEIC and is reported by Japan Exchange Group Inc.. The data is categorized under Global Database’s Japan – Table JP.Z010: Tokyo Stock Exchange: Turnover: Stock and Bonds.

Key information about Japan Government Debt: % of GDP

• Japan Government debt accounted for 216.2 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 217.2 % in the previous quarter.
• Japan government debt to GDP ratio data is updated quarterly, available from Dec 1994 to Dec 2024.
• The data reached an all-time high of 225.8 % in Mar 2021 and a record low of 55.9 % in Dec 1994.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bank of Japan provides Government Debt in local currency. The Economic and Social Research Institute provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Japan Government Debt: % of GDP

• In the latest reports, Japan National Government Debt reached 9,396.6 USD bn in Apr 2023.
• The country's Nominal GDP reached 1,080.1 USD bn in Mar 2023.

Japan Bonds Issues: Number: by Non JP Residents in JP Domestic Market data was reported at 9.000 Unit in May 2018. This records an increase from the previous number of 5.000 Unit for Apr 2018. Japan Bonds Issues: Number: by Non JP Residents in JP Domestic Market data is updated monthly, averaging 14.000 Unit from Jan 1997 (Median) to May 2018, with 257 observations. The data reached an all-time high of 33.000 Unit in Jun 2016 and a record low of 1.000 Unit in Mar 2018. Japan Bonds Issues: Number: by Non JP Residents in JP Domestic Market 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.

In the fiscal year 2023, the value of corporate straight bonds outstanding in Japan amounted to around 91.2 trillion Japanese yen, up from about 86.3 trillion yen in the previous fiscal year. Corporate bonds are debt securities issued by companies to raise funds from investors.

Japan - Debt sec, issued by NFC, in international market at all original maturities denominated in all currencies at nominal value stocks

Japan Bonds Issues: Amount: by Non JP Residents in JP Domestic Market data was reported at 367.200 JPY bn in Sep 2018. This records an increase from the previous number of 218.600 JPY bn for Aug 2018. Japan Bonds Issues: Amount: by Non JP Residents in JP Domestic Market data is updated monthly, averaging 174.800 JPY bn from Jan 1997 (Median) to Sep 2018, with 261 observations. The data reached an all-time high of 1,134.100 JPY bn in Jan 2017 and a record low of 1.200 JPY bn in May 1999. Japan Bonds Issues: Amount: by Non JP Residents in JP Domestic Market 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.

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.

Japan - Debt sec, issued by gen govt, in international market at all original maturities denominated in all currencies at nominal value stocks

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

ATTRIBUTES	DETAILS
STUDY PERIOD	2017-2030
BASE YEAR	2024
FORECAST PERIOD	2025-2030
HISTORICAL PERIOD	2017-2024
UNIT	VALUE (USD MILLION)
KEY COMPANIES PROFILED	Ferrotec(Shanghai Shenhe Thermo-Magnetics Electronics) (China), Heraeus Electronics (Germany), KCC (Korea), KYOCERA Corporation, Nanjing Zhongjiang New Material Science & Technology (China), NGK Electronics Devices (Japan), Remtec (US), Rogers (Germany), Stellar Industries Corp (US), Suzhou Jiu'ao New Material Co. Ltd., Tong Hsing (Taiwan), Zibo Linzi Yinhe High-Tech Development (China), Others
SEGMENTS COVERED	By Product Type - Aluminum Nitride, Alumina, Silicon Nitride By Application - IGBT Power Device, Automobile, Concentrated Photovoltaic (CPV), Aerospace, Others By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa

Japan TSE: Number of Listed Securities: Straight Bonds data was reported at 346.000 Unit in Oct 2018. This records an increase from the previous number of 343.000 Unit for Sep 2018. Japan TSE: Number of Listed Securities: Straight Bonds data is updated monthly, averaging 278.000 Unit from Jul 1987 (Median) to Oct 2018, with 376 observations. The data reached an all-time high of 382.000 Unit in Jul 1987 and a record low of 145.000 Unit in Mar 2000. Japan TSE: Number of Listed Securities: Straight Bonds data remains active status in CEIC and is reported by Japan Exchange Group. The data is categorized under Global Database’s Japan – Table JP.Z005: Tokyo Stock Exchange: Number of Listed Securities. TOKYO PRO-BOND Market-listed issues are not included in Amount Issued.