Japanese government bond yields, every business day since 1974, from the Ministry of Finance. Check the latest published rates, compare dates, and download the data.
Japanese government bond yields on . 10-year , 2-year to 10-year spread percentage points. Every maturity ↓
Pick an era or pin a date to lay its curve over this one (up to three).
A policy called yield curve control. From September 2016 to March 2024 the Bank of Japan targeted the 10-year yield itself, not just the overnight rate, buying government bonds to hold it near zero.
The Bank named no range until March 2021, when it allowed ±0.25%. It widened that to ±0.5% in December 2022, called the bounds references rather than limits in July 2023, and ended the policy on 19 March 2024.
| Maturity | Yield, % | Change, bp | Last this high |
|---|---|---|---|
| 1Y | 1.657 | +1.0 | 8 Oct 2026 |
| 2Y | 1.928 | +1.7 | 8 Oct 2026 |
| 3Y | 2.067 | +1.5 | 8 Oct 2026 |
| 4Y | 2.241 | +0.7 | 8 Oct 2026 |
| 5Y | 2.371 | +0.5 | 8 Oct 2026 |
| 6Y | 2.486 | +0.2 | 8 Oct 2026 |
| 7Y | 2.606 | +0.2 | 8 Oct 2026 |
| 8Y | 2.760 | −0.1 | 9 Oct 2026 |
| 9Y | 2.891 | −0.3 | 9 Oct 2026 |
| 10Y | 3.019 | −0.8 | 9 Oct 2026 |
| 15Y | 3.553 | −0.5 | 9 Oct 2026 |
| 20Y | 3.841 | −1.2 | 9 Oct 2026 |
| 25Y | 4.091 | −1.9 | 9 Oct 2026 |
| 30Y | 4.064 | −2.1 | 9 Oct 2026 |
| 40Y | 4.061 | −2.0 | 9 Oct 2026 |
Change against 9 Oct 2026, the previous session. “Last this high” is the most recent earlier session at or above that yield.