Ministry of Finance Japan · 10-year bond yield · Japan
What is the 10-year government bond yield of Japan?
The 10-year government bond yield of Japan was 2.99% in the month ended .
Japan, bond yield, each month
- 10-year government bond yield2.99%−0.23% to 2.99%
Each row is one measure of Japan, a year or a month to a point, with its newest value and its range printed beside it and a dashed line at zero. A gap is a period with no value. Pointing at the chart shows the period and the value.
Observed .
Right now
The 10-year government bond yield of Japan was 2.99% in September 2026, up 1.37 percentage points over a year (ours).
The figures for Japan are on its own national definitions, so they are not ranked against the member states of the European Union.
Over five yearsOurs
Over five years the 10-year government bond yield is up 2.94 percentage points (ours).
Against its historyOurs
The 10-year government bond yield in September 2026 was the highest since August 1996.
What the figures areIn the source's words
10-year government bond yield: Yield of the 10-year Japanese government bond, worked out by the Ministry of Finance as if the bond always had exactly ten years left to run; the mean of the month's daily yields. The Ministry publishes a yield for each business day. We take the mean of the days of each month.
Central bank
The central bank of Japan has a page on this site.
Understanding the government finances of Japan
Where it stands today
The 10-year government bond yield of Japan was 2.99% in September 2026.
What do the figures for Japan measure?
For Japan, this page shows the yield on its 10-year bonds, in the figures official statistics publish. The 10-year bond yield is the yield on the government's bonds with about ten years left to run, in percent a year.
Read more
The yield is the Ministry of Finance's for the 10-year Japanese government bond, which the Ministry works out as if the bond always had exactly ten years left to run, from the reference prices that the Japan Securities Dealers Association publishes. The Ministry publishes no series of Japan's government debt or deficit that this site can use, so this page has the yield alone.
What 500metrics adds: the change over a year and over five years of every figure, the highest and lowest value since our record begins, the last time a figure was higher and lower, the last ten years of the bond yield as small charts.
The numbers behind the chart
What are the latest figures for Japan?1 measure, each in its own newest period
| Measure | Period | Value | Change over a year | Change over five years | Rank | Last higher | Last lower |
|---|---|---|---|---|---|---|---|
| 10-year government bond yield (ours) | 2.99% | +1.37 pts | +2.94 pts | n/a |
The table scrolls sideways; the first column stays in place.
What was the bond yield of Japan in each month?The last 120 months, newest first; the chart has the same months
| Month | 10-year government bond yield |
|---|---|
| 2.99% | |
| 2.87% | |
| 2.77% | |
| 2.65% | |
| 2.65% | |
| 2.42% | |
| 2.24% | |
| 2.20% | |
| 2.20% | |
| 1.98% | |
| 1.75% | |
| 1.67% |
Show 108 more rows
| Month | 10-year government bond yield |
|---|---|
| 1.63% | |
| 1.57% | |
| 1.53% | |
| 1.47% | |
| 1.46% | |
| 1.33% | |
| 1.52% | |
| 1.36% | |
| 1.21% | |
| 1.08% | |
| 1.05% | |
| 0.95% | |
| 0.89% | |
| 0.90% | |
| 1.07% | |
| 1.01% | |
| 0.98% | |
| 0.84% | |
| 0.75% | |
| 0.72% | |
| 0.66% | |
| 0.69% | |
| 0.81% | |
| 0.82% | |
| 0.71% | |
| 0.64% | |
| 0.46% | |
| 0.42% | |
| 0.42% | |
| 0.47% | |
| 0.40% | |
| 0.52% | |
| 0.48% | |
| 0.36% | |
| 0.27% | |
| 0.26% | |
| 0.27% | |
| 0.21% | |
| 0.23% | |
| 0.25% | |
| 0.24% | |
| 0.24% | |
| 0.21% | |
| 0.21% | |
| 0.14% | |
| 0.07% | |
| 0.08% | |
| 0.09% | |
| 0.05% | |
| 0.02% | |
| 0.03% | |
| 0.07% | |
| 0.08% | |
| 0.09% | |
| 0.11% | |
| 0.09% | |
| 0.04% | |
| 0.02% | |
| 0.03% | |
| 0.03% | |
| 0.03% | |
| 0.04% | |
| 0.03% | |
| 0.03% | |
| 0.00% | |
| 0.00% | |
| −0.02% | |
| −0.06% | |
| −0.02% | |
| −0.01% | |
| −0.09% | |
| −0.16% | |
| −0.22% | |
| −0.23% | |
| −0.14% | |
| −0.13% | |
| −0.06% | |
| −0.04% | |
| −0.03% | |
| −0.02% | |
| 0.01% | |
| 0.05% | |
| 0.11% | |
| 0.14% | |
| 0.13% | |
| 0.11% | |
| 0.05% | |
| 0.05% | |
| 0.05% | |
| 0.04% | |
| 0.04% | |
| 0.07% | |
| 0.08% | |
| 0.05% | |
| 0.04% | |
| 0.07% | |
| 0.02% | |
| 0.05% | |
| 0.08% | |
| 0.05% | |
| 0.04% | |
| 0.03% | |
| 0.07% | |
| 0.09% | |
| 0.06% | |
| 0.05% | |
| −0.01% | |
| −0.06% |
What do these figures leave out, and how are they cited?Limits, dates and how to cite
What this number cannot tell you
- The bond yield is in percent a year and is a figure for a month.
- A change is the difference between two values, in percentage points, and is ours; it is shown for a year and for five years back, and is blank where the series does not reach that far.
- The Ministry publishes a yield for each business day, and the page shows the mean of the days of each month that has ended. The Ministry's yields are calculated from the Association's reference prices; this site shows the yields and not those prices.
- The yield is in percent a year, with interest counted twice a year, for a bond that always has exactly ten years left to run. It is not the yield of one real bond. Japan's debt and deficit are not shown because the Ministry gives them only in documents this site does not read.
- The monthly means, the changes and the highest and lowest values are ours, worked out from the values the Ministry publishes.
Observed . Checked .
How to cite this
Ministry of Finance Japan, JGB interest rates. Created by editing the daily yields into monthly means (500metrics), Japan, through 30 September 2026. Compiled by 500metrics, "What is the 10-year government bond yield of Japan?", https://500metrics.com/government-debt/japan.
Page updated
Sources
Ministry of Finance Japan, JGB interest rates. Created by editing the daily yields into monthly means (500metrics). (source) Terms: Public Data License 1.0 (Japan).