Japan · 10-Year Government Bond Yield · annual avg

## What this measures

The average yield on Japan's benchmark long-term government bond over the year.

## Why it matters

The marginal cost of new borrowing. Net interest follows this rate with a lag set by the debt's maturity.

## How to read it

When the yield sits above the average rate on the existing debt stock, the interest bill is set to rise as debt rolls over.

## What it does not say

An annual average hides intra-year stress; for daily readings use the market series where the lattice carries one.

## Source

Source: OECD Economic Outlook (CC BY 4.0), general government, annual. Palanor reads the standard definition where the OECD publishes one and the country-specific definition otherwise; points carry `definition: country-specific` in their metadata when the latter applies.