Japan - Average Long-term Government Bond
Japan: Average Long-term Government Bond
| Mnemonic | IRGTLT.IJPN | |
|---|---|---|
| Unit | %, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Daily | ||
| Data | 17 Mar 2023 | 1.46 |
| 16 Mar 2023 | 1.45 | |
Series Information
| Source | Ministry of Finance - Japan |
| Release | Government Bond Yields |
| Frequency | Business Daily |
| Start Date | 11/6/2007 |
| End Date | 3/17/2023 |
Japan: Markets
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Stock Market Index | 20 Mar 2023 | 26,945 | Index, NSA | Daily | |
| Average Long-term Government Bond | 17 Mar 2023 | 1.46 | 1.45 | %, NSA | Daily |
| Treasury Bills (over 31 days) | Jun 2017 | -0.1 | -0.13 | % p.a., NSA | Monthly |
| Lending Rate | Feb 2017 | 0.99 | 1 | % p.a., NSA | Monthly |
| Money Market Rate | Apr 2016 | 0 | 0 | %, NSA | Monthly |
Release Information
The interest rates on a constant maturity basis are calculated on the yield curve which is formed based on the prevailing market yields of selected specific JGBs by grid.
Data is available busines daily, and presented in percentages (%).
Reference Prices [Yields] for OTC Bond Transactions are calculated by the JSDA on a basis of the OTC quotations reported daily by Designated-Reporting Members to the JSDA. Each of the OTC quotations, which is the mid-price of selling and buying quotation, is reported as reference prices [yields] of transactions of JGBs, municipal bonds, government-guaranteed bonds, corporate bonds, etc. with volume of some 500 million yen at 3 p.m. The OTC quotations are not actual transaction data.
The Reference Prices [Yields] for OTC Bond Transactions are composed of the arithmetic average, the highest, the median and the lowest of the OTC quotations.
The Long-term Government Bond Yield to be disseminated according to the SDDS is the arithmetic average of the Reference Prices [Yields] for OTC Bond Transactions of the latest issue of 10 year Government Bonds. Please note that on the website of the JSDA, the data are treated as those for the date T+1.)
The data for the 10-year rate refers to the par yield rates. “Long term (in most cases 10 year) government bonds are the instrument whose yield is used as the representative ‘interest rate’ for this area. Generally the yield is calculated at the pre-tax level and before deductions for brokerage costs and commissions and is derived from the relationship between the present market value of the bond and that at maturity, taking into account also interest payments paid through to maturity.” (https://stats.oecd.org/index.aspx?queryid=86).
Data are final when first released.
More information here: http://www.mof.go.jp/english/jgbs/reference/interest_rate/outline-e.pdf
