Japan 10 Year Government Bond Yield - Quote - Chart - Historical Data (2024)

Japan’s 10-year government bond yield fell to around 0.83%, hitting a one-month low and tracking a decline in US bond yields amid growing expectations that the Federal Reserve will cut interest rates more aggressively this week. Markets are currently pricing in a 67% chance that the Fed will lower rates by an outsized 50 basis points, up from just 25% a month ago, according to CME’s FedWatch Tool. On the other hand, the Bank of Japan is widely expected to hold policy steady this week but will likely signal further rate hikes. Markets are betting that the BOJ will raise interest rates again in December, while a move in October remains a close call. Fitch recently revised its forecasts for Japan’s policy rate, now seeing it at 0.5% by the end of 2024, 0.75% in 2025 and 1% by end-2026.

Japan 10Y Bond Yield was 0.83 percent on Tuesday September 17, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Japan 10 Year Government Bond Yield reached an all time high of 7.59 in June of 1984. Japan 10 Year Government Bond Yield - data, forecasts, historical chart - was last updated on September 17 of 2024.

Japan 10Y Bond Yield was 0.83 percent on Tuesday September 17, according to over-the-counter interbank yield quotes for this government bond maturity. The Japan 10 Year Government Bond Yield is expected to trade at 0.88 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.84 in 12 months time.

Japan 10 Year Government Bond Yield

Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.