The yield on Japan 10Y Bond Yield rose to 1.42% on June 24, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.08 points, though it remains 0.42 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 June of 2025.

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 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.

The yield on Japan 30 Year Bond Yield rose to 2.93% on June 24, 2025, marking a 0 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.10 points, though it remains 0.73 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 June of 2025.

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.

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.

Japanese government bond yields mostly increased between April 2024 and April 2025. For instance, the 1-year bond yield went from 0.02 percent to 0.33 percent, and the 30-year yield increased from 2.26 percent to 3.23 percent. The increase in yields was consistent across both short- and long-term maturities during this period.

The yield on Japan 2 Year Bond Yield eased to 0.73% on June 24, 2025, marking a 0 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.03 points and is 0.43 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 June 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 yield on Japan 5 Year Bond Yield rose to 0.97% on June 23, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.03 points, though it remains 0.42 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 June of 2025.

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.

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.

The yield on Japan 40 Year Bond Yield eased to 3.13% on June 24, 2025, marking a 0 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.39 points, though it remains 0.80 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.

In March 2025, the average yield on ten-year government bonds in the United States was 4.27 percent. This was the highest of the selected developed economies considered in this statistic. Except Germany, Luxembourg, and Japan, all countries had a yield higher than three on their government bonds. 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 3.9 percent yield on ten-year government bonds for borrowing their money in March 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.

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.

The yield on Japan 20 Year Bond Yield rose to 2.36% on June 24, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.14 points, though it remains 0.51 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 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)

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.

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.

As of the end of 2023, the yield on newly issued ten-year Japanese Government Bonds (JGBs) was 0.62 percent per annum. This represented an increase from 0.41 percent in the previous year.