Japan’s 10-year government bond yield rose above 0.9%, hitting six-month highs as the Bank of Japan held interest rates steady in a widely expected move. Meanwhile, the BOJ dropped wording on buying the same amount of bonds as before, revised its inflation forecasts higher and said the economy will likely keep growing at a healthy pace. Investors also reacted to data showing Tokyo’s core inflation rate slowed to a 2-year low of 1.6% in April due largely to distortions from the start of education subsidies. Markets continued to watch for signals from Japanese authorities on whether they would intervene in the currency markets again, including through another potential rate hike, to arrest the yen’s slide. BOJ Governor Kazuo Ueda also said this week that the BOJ will hike rates again if trend inflation accelerates toward the 2% target as expected.
Japan 10Y Bond Yield was 0.93 percent on Friday April 26, 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 April 26 of 2024.
Japan 10Y Bond Yield was 0.93 percent on Friday April 26, 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 0.70 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 0.59 in 12 months time.