Government bond yield · Japan
Japan 40-Year JGB Auction
The Japan 40-Year JGB Auction is the yield on Japan's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
- Importancia
- Low
- Publicado
- Quarterly
- Próxima publicación
- Divisa
- JPY · Japanese yen
- Banco central
- The Bank of Japan
Últimas cifras
El último dato se publicó el 2026-09-29 y fue 4.125%. Es más que 3.865% la vez anterior.
En las últimas 10 publicaciones osciló entre 2.570% y 4.125%, con una media de 3.393%. Ha subido tres publicaciones seguidas.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 29 Sep 2026 | – | 4.125% | – | 3.865% |
| 27 May 2026 | – | 3.840% | – | 3.600% |
| 24 Mar 2026 | – | 3.600% | – | 3.720% |
| 28 Jan 2026 | – | 3.720% | – | 3.555% |
| 26 Nov 2025 | – | 3.555% | – | 3.300% |
| 25 Sep 2025 | – | 3.300% | – | 3.375% |
| 23 Jul 2025 | – | 3.375% | – | 3.135% |
| 28 May 2025 | – | 3.135% | – | 2.710% |
| 27 Mar 2025 | – | 2.710% | – | 2.570% |
| 21 Jan 2025 | – | 2.570% | – | 2.550% |
Por qué importa
Government yields are the base of every other interest rate. Short maturities follow the Bank of Japan's policy rate closely; long ones reflect expected growth, inflation and the risk of holding long debt. Higher yields relative to other countries attract capital and support the Japanese yen; the gap between long and short yields (the yield curve) is a classic recession signal when it turns negative.
Cómo se calcula
The yield is the interest rate that makes the present value of the bond's coupons and repayment equal to its price; on a calendar it often reports the average yield at a government auction.
Price = Σ coupon ÷ (1 + y)ᵗ + face ÷ (1 + y)ᵀ
Inflation-linked (TIPS) yield ≈ nominal yield − expected inflationQué significan los cambios
- Yields rise when prices of bonds fall: strong data and hawkish central banks push yields up.
- An inverted curve (2-year above 10-year) has preceded most US recessions, with a lag of a year or more.
- Inflation-linked yields show the real (after-inflation) return.
Una breve historia
Government bond markets go back to the Dutch and English debt of the 17th century; the US Treasury yield curve has been watched as a recession signal since research by Campbell Harvey in the 1980s.
Preguntas
What is the Japan 40-Year JGB Auction?
The Japan 40-Year JGB Auction is the yield on Japan's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
What was the latest Japan 40-Year JGB Auction?
4.125%, published on 29 September 2026.
When is the next Japan 40-Year JGB Auction?
On Wednesday 25 November 2026 at 03:35 UTC.
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.