Japan Corporate Bond Yields (JPY)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/jpy-corporate-japan
Japan Corporate Bond Yields (JPY) as of 2026-09-11: 10Y at 3.44%, fitted curve 1M–40Y (1.55%–4.43%), 4114 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.55% | — |
| 3M | 1.59% | 1.61% |
| 6M | 1.67% | 1.77% |
| 9M | 1.78% | 2.14% |
| 12M | 1.90% | 2.14% |
| 18M | 2.08% | 2.45% |
| 2Y | 2.18% | 2.52% |
| 3Y | 2.36% | 2.75% |
| 4Y | 2.53% | 3.10% |
| 5Y | 2.70% | 3.46% |
| 6Y | 2.86% | 3.80% |
| 7Y | 3.02% | 4.12% |
| 8Y | 3.17% | 4.42% |
| 9Y | 3.31% | 4.69% |
| 10Y | 3.44% | 4.94% |
| 15Y | 3.95% | 5.49% |
| 20Y | 4.27% | 5.94% |
| 25Y | 4.41% | 5.64% |
| 30Y | 4.43% | 4.61% |
| 40Y | 4.29% | 3.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.18% and the 10-year 3.44%, a 10Y−2Y spread of +125 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.18% | 1.94% | 1.77% | 1.73% | 1.72% | 1.73% | 1.60% |
| 10Y | 3.44% | 3.33% | 3.29% | 3.20% | 3.10% | 2.98% | 2.77% |
| 10Y − 2Y | +125 bp | +140 bp | +152 bp | +147 bp | +139 bp | +125 bp | +117 bp |
Yields by rating group
The same curve split by credit quality: 1649 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.37%, A+ to BBB- 2.49%, Speculative 2.96%.
Bonds in this curve
A selection of 30 of the 4114 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Sony Group Corporation | 1.49% | 2026-10-09 | 0.18% | JP343500BKA6 |
| Daikin Industries, LTD. | 1.44% | 2026-10-09 | 0.13% | JP348180AKA4 |
| Mitsui Sumitomo Insurance Company, Limited | 1.48% | 2026-11-13 | 0.19% | JP388820AMB0 |
| Gree, INC. | 2.25% | 2026-11-20 | 1.30% | JP327407APB3 |
| Mori Hills Reit Investment Corporation | 1.68% | 2027-01-29 | 0.49% | JP304647AH12 |
| JA Mitsui Leasing LTD | 1.96% | 2027-01-28 | 0.22% | JP338652AN14 |
| Aeon Mall CO., LTD. | 1.92% | 2027-04-28 | 0.49% | JP313143AN48 |
| Kuraray CO., LTD. | 1.66% | 2027-04-30 | 0.34% | JP326960AL42 |
| Kansai Paint CO., LTD. | 1.80% | 2027-07-30 | 0.74% | JP322940AQ82 |
| Credit Saison CO LTD | 1.89% | 2027-07-30 | 0.38% | JP327140AH72 |
| Samty Residential Investment Corporation | 2.41% | 2027-12-15 | 0.85% | JP304796ANC9 |
| Konica Minolta, INC. | 2.10% | 2027-12-15 | 0.39% | JP330060CHC6 |
| Ajinomoto CO., INC. | 2.01% | 2028-06-15 | 0.32% | JP311960AP65 |
| GMO Internet Group, INC. | 2.89% | 2028-06-15 | 1.48% | JP315275AP66 |
| Credit Saison CO LTD | 2.31% | 2029-03-15 | 0.48% | JP327140AK36 |
| DCM Holdings CO., LTD. | 2.37% | 2029-03-14 | 0.89% | JP354866AQ36 |
| Japan Retail Fund Investment Corporation | 2.50% | 2030-03-15 | 0.85% | JP303971AP36 |
| Invincible Investment Corporation | 3.49% | 2030-03-13 | 0.85% | JP304619AL36 |
| Inpex Corporation | 2.52% | 2031-03-14 | 0.30% | JP329446BM30 |
| Softbank Group Corp | 4.02% | 2031-03-14 | 3.04% | JP343610AQ38 |
| Central Japan International Airport CO., LTD. | 2.43% | 2032-03-15 | 0.22% | JP352480AN39 |
| Shizuoka GAS CO., LTD. | 2.90% | 2033-03-15 | 0.99% | JP335115AP35 |
| Tokyo GAS CO LTD | 2.88% | 2034-03-13 | 0.97% | JP357300BQ32 |
| Central Japan International Airport CO., LTD. | 2.87% | 2035-03-16 | 1.50% | JP352480AR35 |
| Japan Prime Realty Investment Corporation | 3.52% | 2036-03-14 | 0.76% | JP304089AM36 |
| Fukuoka-Kitakyushu Expressway Public Corporation | 3.48% | 2039-03-15 | 0.50% | JP380390CK30 |
| The Kansai Electric Power Company, Incorporated | 4.17% | 2044-04-25 | 1.80% | JP322860BQ46 |
| East Japan Railway Company | 4.29% | 2049-03-19 | 0.78% | JP378360BK31 |
| Tohoku Electric Power Company, Incorporated | 4.61% | 2054-04-24 | 2.10% | JP360540BQ44 |
| Tokyo Metro CO., LTD. | 4.33% | 2061-10-14 | 1.05% | JP358390CMA8 |