Japanese A–BBB Industrials Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-a-bbb-industrials
Japanese A–BBB Industrials Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.34%, fitted curve 1M–10Y (1.54%–3.34%), 118 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.54% | — |
| 3M | 1.59% | 1.62% |
| 6M | 1.68% | 1.78% |
| 9M | 1.77% | 2.05% |
| 12M | 1.86% | 2.05% |
| 18M | 2.00% | 2.31% |
| 2Y | 2.13% | 2.51% |
| 3Y | 2.33% | 2.78% |
| 4Y | 2.50% | 3.05% |
| 5Y | 2.64% | 3.27% |
| 6Y | 2.76% | 3.47% |
| 7Y | 2.89% | 3.76% |
| 8Y | 3.03% | 4.22% |
| 9Y | 3.19% | 4.72% |
| 10Y | 3.34% | 5.16% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.13% and the 10-year 3.34%, a 10Y−2Y spread of +122 bp — positively sloped — as of 2026-09-10. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.13% | 1.91% | 1.71% | 1.68% | 1.64% | 1.67% | 1.52% |
| 10Y | 3.34% | 3.27% | 3.11% | 3.05% | 3.00% | 2.89% | 2.80% |
| 10Y − 2Y | +122 bp | +135 bp | +140 bp | +137 bp | +136 bp | +123 bp | +127 bp |
Bonds in this curve
A selection of 30 of the 118 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Daikin Industries, LTD. | 1.50% | 2026-09-30 | 0.21% | JP348180AG96 |
| Daikin Industries, LTD. | 1.40% | 2026-10-09 | 0.13% | JP348180AKA4 |
| TDK Corporation | 1.48% | 2026-12-02 | 0.15% | JP353880AMC3 |
| Mitsubishi Electric Corporation | 1.48% | 2026-12-18 | 0.40% | JP390240APC8 |
| Sumitomo Electric Industries LTD | 1.62% | 2027-02-26 | 0.15% | JP340740BL23 |
| Sumitomo Electric Industries LTD | 1.59% | 2027-03-01 | 0.30% | JP340740AH38 |
| Sumitomo Corporation (Sumitomo Shoji Kaisha, LTD.) | 1.72% | 2027-05-26 | 0.33% | JP340460AH51 |
| Hitachi, LTD. | 1.83% | 2027-06-18 | 0.33% | JP378660BH66 |
| TDK Corporation | 1.80% | 2027-07-28 | 0.31% | JP353880BL75 |
| Mitsubishi Heavy Industries, LTD. | 1.78% | 2027-08-27 | 0.33% | JP390000BH86 |
| Panasonic Holdings Corp | 2.03% | 2027-12-24 | 0.29% | JP386680CLC6 |
| Sumitomo Corporation (Sumitomo Shoji Kaisha, LTD.) | 1.95% | 2028-01-21 | 1.37% | JP340460AS17 |
| Fujifilm Holdings Corporation | 2.05% | 2028-06-12 | 1.11% | JP381400AR64 |
| Komatsu LTD. | 2.06% | 2028-07-13 | 0.34% | JP330420BP76 |
| Fujifilm Holdings Corporation | 2.17% | 2029-04-20 | 0.30% | JP381400CN41 |
| Sumitomo Corporation (Sumitomo Shoji Kaisha, LTD.) | 2.25% | 2029-04-23 | 1.24% | JP340460BE46 |
| Hitachi, LTD. | 2.54% | 2030-03-12 | 0.29% | JP378700BL39 |
| Hitachi, LTD. | 2.37% | 2030-03-12 | 0.29% | JP378860CL34 |
| Hitachi, LTD. | 2.73% | 2031-03-18 | 0.38% | JP378700AM39 |
| Fujifilm Holdings Corporation | 2.52% | 2031-06-11 | 2.26% | JP381400BS62 |
| Fujifilm Holdings Corporation | 2.63% | 2032-04-20 | 0.37% | JP381400DN40 |
| Sumitomo Corporation (Sumitomo Shoji Kaisha, LTD.) | 2.73% | 2032-05-24 | 0.57% | JP340460AN53 |
| Fujifilm Holdings Corporation | 2.79% | 2033-06-10 | 2.59% | JP381400CS61 |
| Sumitomo Corporation (Sumitomo Shoji Kaisha, LTD.) | 2.87% | 2033-06-15 | 0.84% | JP340460AP69 |
| Fujifilm Holdings Corporation | 2.95% | 2034-07-19 | 1.39% | JP381400DQ70 |
| Daikin Industries, LTD. | 3.00% | 2034-07-26 | 1.34% | JP348180BQ77 |
| Fujifilm Holdings Corporation | 3.11% | 2035-06-12 | 1.84% | JP381400CR62 |
| TDK Corporation | 3.26% | 2035-06-18 | 2.01% | JP353880CR60 |
| Fujifilm Holdings Corporation | 3.21% | 2036-06-11 | 2.99% | JP381400DS60 |
| Sumitomo Corporation (Sumitomo Shoji Kaisha, LTD.) | 3.66% | 2038-09-14 | 0.89% | JP340460BJ90 |