Japan 10-Year Government Bond Yield
The yield on newly issued 10-year Japanese government bonds (JGBs) is Japan's benchmark long-term interest rate. It affects mortgage rates, corporate borrowing costs and the yen. This page shows the closing yield at the end of each month.
📖 How to read this indicator
Long-term yields reflect expectations for future short-term rates and inflation, as well as the supply of and demand for government bonds. From 2016 the Bank of Japan kept the 10-year yield close to zero under yield curve control; after the policy was gradually loosened and ended in March 2024, the yield has moved more freely with the market.
calendar_monthAs of May 2026
10-year JGB yield
2.65
%
–
Data table
| Month | 10-year JGB yield |
|---|---|
| May 2026 | 2.65% |
| Apr 2026 | 2.52% |
| Mar 2026 | 2.35% |
| Feb 2026 | 2.11% |
| Jan 2026 | 2.24% |
| Dec 2025 | 2.06% |
| Nov 2025 | 1.81% |
| Oct 2025 | 1.66% |
| Sep 2025 | 1.65% |
| Aug 2025 | 1.60% |
| Jul 2025 | 1.55% |
| Jun 2025 | 1.42% |
| May 2025 | 1.50% |
| Apr 2025 | 1.31% |
| Mar 2025 | 1.49% |
| Feb 2025 | 1.37% |
| Jan 2025 | 1.25% |
| Dec 2024 | 1.09% |
| Nov 2024 | 1.05% |
| Oct 2024 | 0.94% |
| Sep 2024 | 0.86% |
| Aug 2024 | 0.89% |
| Jul 2024 | 1.05% |
| Jun 2024 | 1.05% |
| May 2024 | 1.07% |
| Apr 2024 | 0.87% |
| Mar 2024 | 0.73% |
| Feb 2024 | 0.71% |
| Jan 2024 | 0.73% |
| Dec 2023 | 0.62% |
| Nov 2023 | 0.66% |
| Oct 2023 | 0.95% |
| Sep 2023 | 0.77% |
| Aug 2023 | 0.64% |
| Jul 2023 | 0.60% |
| Jun 2023 | 0.40% |
| May 2023 | 0.43% |
| Apr 2023 | 0.39% |
| Mar 2023 | 0.32% |
| Feb 2023 | 0.50% |
| Jan 2023 | 0.49% |
| Dec 2022 | 0.41% |
| Nov 2022 | 0.25% |
| Oct 2022 | 0.25% |
| Sep 2022 | 0.24% |
| Aug 2022 | 0.22% |
| Jul 2022 | 0.18% |
| Jun 2022 | 0.23% |
| May 2022 | 0.24% |
| Apr 2022 | 0.22% |