R-T-B based permanent magnet

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An R-T-B based permanent containing main phase grains with a composition of (R1-xYx)2T14B (R is rare earth element(s) composed of one or more elements selected from the group consisting of La, Ce, Pr, Nd, Sm, Eu, Gd, Tb, Dy, Ho, Er, Tm, Yb and Lu, T is one or more transition metal elements including Fe or a combination of Fe and Co as essential elements, and 0.2≤x≤0.7), wherein the residual magnetic flux density Br is 1.1 T or more, the coercivity HcJ is 400 kA/m or less, and the ratio Hex/HcJ of the external magnetic field Hex required for obtaining a residual magnetic flux density Br of 0 to the coercivity HcJ is 1.10 or less.