Benchmark Yields (Source: Ministry of Finance, as of 2026/08/20)
| Tenor | Yield (%) | 1D(bp) | 1W(bp) | 1M(bp) | 1M |
|---|---|---|---|---|---|
| 2Y | 1.682 | +0.1 | +3.1 | +24.6 | |
| 5Y | 2.127 | -1.9 | -0.7 | +18.2 | |
| 10Y | 2.854 | -4.0 | -1.9 | +13.9 | |
| 20Y | 3.719 | -5.4 | -2.2 | +8.9 | |
| 30Y | 3.995 | -5.9 | -0.7 | +10.1 | |
| 40Y | 4.002 | -5.9 | -0.4 | +16.1 |
Government Debt 2026-06-30 more →
| Amount | QoQ | |
|---|---|---|
| Total debt | ¥1,346.7T | +¥2.8T |
| JGBs (incl. FILP) | ¥1,211.7T | +¥4.5T |
| General bonds | ¥1,110.9T | +¥6.6T |
Redemptions more →
| Month | Amount |
|---|---|
| 2026-08 | ¥6.8T |
Debt is quarter-end; redemptions at-maturity basis, excl. retail JGBs. Source: Ministry of Finance.
Yield Curve more →
Yields 2026-08-20
Upcoming Auctions calendar →
| Auction Date | Auction | Planned |
|---|---|---|
| 2026-08-21 | T-Bill (3M) No. 1402 | ¥3.7T |
| 2026-08-24 | 10Y climate transition JGB | ¥250B |
| 2026-08-26 | Liquidity enhancement (5Y–11Y remaining) | ¥650B |
| 2026-08-28 | 2Y JGB | ¥2.8T |
| 2026-08-28 | T-Bill (3M) No. 1403 | ¥3.7T |
| 2026-09-01 | 10Y JGB | TBA |
| 2026-09-03 | 30Y JGB | TBA |
| 2026-09-04 | T-Bill (3M) | TBA |
Source: Ministry of Finance, Auction Calendar.
Recent Auction Results more →
| Auction Date | Issue | Bid/Cover | Tail (sen) | Avg Yield (%) |
|---|---|---|---|---|
| 2026-08-20 | JGB (20-Year) No. 197 | 3.98 | 17 | 3.698 |
| 2026-08-18 | JGB (5-Year) No. 187 | 4.15 | 2 | 2.163 |
| 2026-08-12 | Inflation-Indexed JGB (10-Year) No. 31 | 3.27 | — | 0.860 |
| 2026-08-06 | JGB (30-Year) No. 91 | 3.86 | 21 | 3.937 |
| 2026-08-04 | JGB (10-Year) No. 383 | 2.56 | 46 | 2.840 |
| 2026-07-30 | JGB (2-Year) No. 487 | 3.63 | 1 | 1.483 |
| 2026-07-22 | JGB (40-Year) No. 19 | 2.82 | — | 3.865 |
| 2026-07-14 | JGB (20-Year) No. 197 | 4.52 | 0 | 3.626 |