The yield on the benchmark Japan 10-year JGB rose to above 0.2% for the first time since July 21st, tracking a global bond sell-off, amid prospects that central banks around the world, and specially the Fed, will continue to raise interest rates to tame high inflation. In Japan however, BoJ members support the ultra-low rates policy and dovish guidance, aiming to support the economy which faces a resurgence in Covid-19 infections and slowing global demand.
Historically, the Japan Government Bond 10Y reached an all time high of 7.59 in June of 1984. Japan Government Bond 10Y - data, forecasts, historical chart - was last updated on September of 2022.
The Japan Government Bond 10Y is expected to trade at 0.26 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 0.35 in 12 months time.