Definition ∞ The return an investor receives on Japanese government bonds, expressed as a percentage. These yields are a key indicator of Japan’s monetary policy, inflation expectations, and the overall health of its economy. They reflect the cost of borrowing for the Japanese government and influence global financial markets. Fluctuations in these yields can impact currency valuations and investment decisions.
Context ∞ Japan bond yields are a critical focal point for global financial markets, particularly given the Bank of Japan’s unique monetary policy stance. Current discussions often center on the sustainability of yield curve control and its potential adjustments. Future developments include the Bank of Japan’s strategies for exiting unconventional policies and their subsequent influence on global capital flows.