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Japan 5-year government bond yield rises 2.0 basis points to 2.105%

8/12/2026

The 5-year Japanese government bond yield added 2.0 basis points in the session to reach 2.105%, placing the tenor at a higher level.

For fixed-income and currency desks that use the Japanese government bond curve as a reference for yen-denominated flows, the move in the belly of the curve is the number to log.

The print Japan's 5-year government bond yield settled at 2.105%, up 2.0 basis points. That converts to an advance of 0.02 percentage points in absolute terms.

The move carries the 5-year tenor to a higher level on the curve.