Japanese Industrials Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/jpy-corporate-industrials
Japanese Industrials Corporate Bond Yields (JPY) as of 2026-09-10: 10Y at 3.40%, fitted curve 1M–15Y (1.55%–4.15%), 375 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.55% | — |
| 3M | 1.60% | 1.62% |
| 6M | 1.70% | 1.81% |
| 9M | 1.82% | 2.18% |
| 12M | 1.93% | 2.18% |
| 18M | 2.10% | 2.45% |
| 2Y | 2.21% | 2.58% |
| 3Y | 2.40% | 2.81% |
| 4Y | 2.55% | 3.06% |
| 5Y | 2.69% | 3.30% |
| 6Y | 2.82% | 3.60% |
| 7Y | 2.96% | 3.91% |
| 8Y | 3.10% | 4.26% |
| 9Y | 3.24% | 4.68% |
| 10Y | 3.40% | 5.15% |
| 15Y | 4.15% | 6.45% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.21% and the 10-year 3.40%, a 10Y−2Y spread of +118 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 | 2.21% | 1.98% | 1.76% | 1.73% | 1.76% | 1.70% | 1.56% |
| 10Y | 3.40% | 3.35% | 3.29% | 3.26% | 3.11% | 3.00% | 2.72% |
| 10Y − 2Y | +118 bp | +137 bp | +153 bp | +153 bp | +136 bp | +130 bp | +116 bp |
Yields by rating group
The same curve split by credit quality: 119 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 2.39%, Speculative 2.15%.
Bonds in this curve
A selection of 30 of the 375 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 |
| Okuma Corporation | 1.55% | 2026-11-24 | 0.12% | JP317210AMB0 |
| Jtekt Corporation | 1.49% | 2026-11-27 | 0.21% | JP329220BKB7 |
| Asahi Printing CO., LTD. | 1.78% | 2027-02-03 | 0.43% | JP311060AN25 |
| THK CO., LTD. | 1.58% | 2027-02-05 | 0.25% | JP353925AL24 |
| Fuji Electric CO., LTD. | 1.72% | 2027-05-21 | 0.40% | JP382000AH50 |
| Kurita Water Industries LTD. | 1.77% | 2027-05-26 | 0.29% | JP327000AN57 |
| TDK Corporation | 1.80% | 2027-07-28 | 0.31% | JP353880BL75 |
| Mitsubishi Heavy Industries, LTD. | 1.78% | 2027-08-27 | 0.33% | JP390000BH86 |
| THK CO., LTD. | 1.96% | 2027-12-14 | 0.54% | JP353925ANC4 |
| Rengo CO., LTD. | 1.99% | 2027-12-14 | 0.41% | JP398140BHC7 |
| NGK Spark Plug CO., LTD. | 2.10% | 2028-06-14 | 0.37% | JP373860BJ63 |
| Fujifilm Holdings Corporation | 2.05% | 2028-06-12 | 1.11% | JP381400AR64 |
| Sumitomo Heavy Industries, LTD. | 2.26% | 2029-04-18 | 0.74% | JP340540AQ47 |
| Fujifilm Holdings Corporation | 2.17% | 2029-04-20 | 0.30% | JP381400CN41 |
| 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 |
| OJI Holdings Corporation | 2.62% | 2031-03-24 | 0.37% | JP317441BM30 |
| Fujifilm Holdings Corporation | 2.63% | 2032-04-20 | 0.37% | JP381400DN40 |
| DAI Nippon Printing CO., LTD. | 2.73% | 2032-04-30 | 1.47% | JP349380CR55 |
| Kubota Corporation | 2.83% | 2033-04-20 | 0.95% | JP326640BP45 |
| Fujifilm Holdings Corporation | 2.79% | 2033-06-10 | 2.59% | JP381400CS61 |
| Inabata & CO., LTD. | 3.31% | 2034-06-05 | 1.77% | JP314600AQ64 |
| Glory LTD. | 3.08% | 2034-06-13 | 1.38% | JP327440BQ69 |
| DAI Nippon Printing CO., LTD. | 3.18% | 2035-05-01 | 1.92% | JP349380AR57 |
| Fujifilm Holdings Corporation | 3.11% | 2035-06-12 | 1.84% | JP381400CR62 |
| Fujifilm Holdings Corporation | 3.21% | 2036-06-11 | 2.99% | JP381400DS60 |
| Kawasaki Heavy Industries, LTD. | 3.92% | 2039-07-12 | 0.82% | JP322420BK78 |