The yield on the benchmark Japan 10-year JGB retreated further to 0.01% in July, close to levels not seen since early January, and tracking a general ease in US Treasury yields, as investors apparently acknowledge central banks will not tight monetary policy anytime soon or abruptly while the spread of the coronavirus Delta variant poses risks to growth. Meanwhile, Prime Minister Yoshihide Suga formally declared a state of emergency in Tokyo, putting restrictions to curb coronavirus infections in place through August 22nd. source: Ministry of Finance, Japan
Historically, the Japan Government Bond 10Y reached an all time high of 7.59 in May of 1984. Japan Government Bond 10Y - data, forecasts, historical chart - was last updated on July of 2021.
The Japan Government Bond 10Y is expected to trade at 0.02 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 0.03 in 12 months time.