Manage Watchlist
Watchlist Name:
Add Symbol:
 
Manage All Watchlists
Symbol 1
Close
Save to ...
New Watchlist Manage All Watchlists
Watch List 1
Close
Manage All Watchlists
Order Symbols By:
Most Recent Alphabetical
New Watchlist
Watch List 1
Close
Symbol Search
Symbol
Description
All sources
Sources
Simply start typing while on the chart to pull up this search box
Japan JPY

Japan 40-Year JGB Auction

Impact:
Low

Latest Release:

Date:
Actual:
3.375%
Forecast:
Previous/Revision:
3.135%
Period:

Next Release:

Date:
Period:
What Does It Measure?
The Japan 40-Year JGB Auction measures the yield and demand for Japan's 40-year government bonds (JGBs), indicating investor sentiment and long-term borrowing costs for the Japanese government. This auction specifically assesses the willingness of investors to purchase long-term debt securities, reflecting expectations regarding interest rates, inflation, and economic stability.
Frequency
The auction occurs monthly, with the results released shortly after the auction concludes, providing a timely snapshot of market conditions.
Why Do Traders Care?
Traders closely monitor the JGB auction as it influences Japan's yield curve and has a significant impact on interest rates, which can affect the value of the Japanese yen and the stock market. A strong demand for JGBs often signals confidence in the Japanese economy, while weaker interest can lead to bearish sentiment in both currency and equity markets.
What Is It Derived From?
This indicator is derived from the bids submitted by institutional investors, including banks, pension funds, and foreign investors, during the auction process. The results are calculated based on the highest accepted yield, total bids received, and the allocation of bonds to successful bidders, utilizing standard auction methodologies.
Description
The preliminary results of the auction are usually released shortly after its conclusion, detailing the average yield accepted and the bid-to-cover ratio, which indicates demand relative to the amount offered. The final report may follow with adjusted figures that reflect additional data or corrections, leading to potential changes in market perception.
Additional Notes
The results of the JGB auction can serve as a leading indicator for interest rate trends in Japan, impacting broader economic conditions in Asia and globally. Comparisons can be drawn with other government bond auctions in different countries to gauge relative investor confidence and perceptions of risk.
Bullish or Bearish for Currency and Stocks
Higher than expected demand at the auction may indicate bullish sentiment for the yen and stocks as it suggests confidence in Japan's economic stability and lower future borrowing costs. Conversely, lower than expected demand could be seen as bearish for both the currency and stock markets, signaling concerns around fiscal health or inflation expectations.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Jul 23, 2025
3.375%
3.135%
May 28, 2025
3.135%
2.71%
Mar 27, 2025
2.71%
2.57%
Jan 21, 2025
2.57%
2.55%
Nov 27, 2024
2.55%
2.34%
Sep 26, 2024
2.34%
2.42%
Jul 24, 2024
2.42%
2.27%
May 22, 2024
2.27%
1.905%
Mar 27, 2024
1.905%
1.925%
Jan 25, 2024
1.925%
1.81%
Nov 28, 2023
1.81%
1.725%
Sep 26, 2023
1.725%
1.385%
May 25, 2023
1.385%
1.465%
Mar 28, 2023
1.465%
1.625%
Jan 26, 2023
1.625%
1.58%
Nov 25, 2022
1.58%
1.52%
Sep 27, 2022
1.52%
1.345%