Nowcasting Macro

Live Nowcast2026 Q2 (no official figure yet)

Japan Long-Term Interest Rate Forecast

Produced by a tournament of forecasting models judged on real out-of-sample accuracy — the figure below is the deployed model’s current read, refreshed automatically as official data and news arrive.

Latest official
2.25%
2026 Q1
Nowcast
2.62%
2026 Q2
Typical accuracy
±0.07%
vs published actuals
2.62%2023 Q22026 Q12026 Q2

Recent official figures (solid) and the current nowcast (dot) with its typical-error range. Every past forecast is kept on the books — see how the number is made.

What is the Japan Long-Term Interest Rate nowcast for 2026 Q2?

Nowcasting Macro's latest nowcast puts Japan Long-Term Interest Rate at 2.62% for 2026 Q2, against the most recent official figure of 2.25% for 2026 Q1.

That points to a rise of about 0.37 percentage points from the last print.

Yield on 10-year government bonds — the market price of long-term government borrowing.

Across our walk-forward backtest, the model deployed for this series has typically landed within ±0.07% of the published actual.

Over the past 4 quarters the series has risen from 1.37% (2025 Q1) to 2.25% (2026 Q1).

Rises with inflation expectations and fiscal risk. A falling forecast is coded as good news in the sentiment layer.

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More Japan forecasts

Long-Term Interest Rate in other economies

Japan Long-Term Interest Rate Forecast — 2026 Q2 Nowcast: 2.62% · Nowcasting Macro