Archive · 23 Dec 2025
10-year JGB yield hits 26-year high
The price of Japanese government bonds is going up because the Bank of Japan raised interest rates.
This is the highest rate in a long time, and people think it will go up more.
The Japanese yen is also very weak, which makes things like food and energy more expensive.
This could change how people invest money around the world.
Some big companies in Japan might start buying more Japanese bonds instead of bonds from other countries.
10-year JGB yield rose to 2.100%, highest since February 1999
BOJ raised policy rate to 0.75%, highest since 1995, due to persistent inflation
Gov. Kazuo Ueda pledged further rate increases if economic projections are met
Weak yen raises concerns about higher import prices and prompts expectations of faster rate hikes
Sharp gains in JGB yields may impact global markets and investment strategies
- Who
- Bank of Japan (BOJ), Japanese government, investors, policymakers
- What
- 10-year Japanese government bond (JGB) yield hits 26-year high, BOJ raises policy rate
- When
- Monday (yield rise), Friday (rate increase)
- Where
- Japan
- Why
- Expectations for further rate increases, persistent inflation, weak yen
- 10-year JGB yield
- 2.100%
- BOJ policy rate
- 0.75%
- Highest policy rate since
- 1995
- Yen to dollar
- 157.78
- Expected policy rate by 2026
- 1.25%