Ground motion recording with peak ground acceleration (PGA) exceeding 1.43 g was observed at the Yamamoto (MYGH10) station during the MW 7.1 Fukushima earthquake off the east coast of Honshu, Japan, in February 2021. In this study, we investigated the site amplification effect and nonlinear site response at the MYGH10 site using the horizontal‐to‐vertical spectral ratio (HVSR) and surface‐to‐borehole spectral ratio (SBSR), respectively. The site transfer function of station MYGH10 was presented using HVSRs (HVSR on the ground surface) and SBSR at different frequency bands. The dominant contributing frequency band of the PGA was determined by increasing the high cutoff frequency of the bandpass filter when filtering the acceleration recording, which was used to interpret the anomaly of the PGA by combining it with the site characteristics. We found an obvious site effect below the downhole sensor through the HVSRb (HVSR on the downhole bedrock) and determined the influence of the frequency band of the downhole site on ground motion. In addition, substantial discrepancies in the frequency and amplitude between the spectral ratio curves for the Fukushima mainshock records and the weak historical motions were identified. The calculated values of the degree of nonlinearity suggested that a strong nonlinear site response occurred at station MYGH10. Finally, the recovery of the site after strong shaking was evaluated by using the average spectral ratio curves of several aftershock records.