Definition ∞ Japanese bond yields represent the rate of return an investor receives on Japanese government bonds. These yields reflect the cost of borrowing for the Japanese government and are a key indicator of economic health. They also signal the stance of monetary policy within Japan. These rates influence global financial markets due to Japan’s economic standing.
Context ∞ The Bank of Japan’s yield curve control policy significantly impacts Japanese bond yields, with any adjustments closely watched by global investors. Changes in these yields can have ripple effects on capital flows and asset valuations worldwide, including within digital asset markets. This policy remains a central discussion point for global macroeconomic stability.