Japanese bond yields reach 30-year high
Japanese 10-year government bond yields jumped to a record high of 3.075%, the highest level since August 1996, amid renewed fears of inflation and its impact on monetary policies, despite the Bank of Japan raising its key interest rate to 1.25% last week. The rise in yields has increased pressure on both the domestic and global bond markets, with signals indicating that further interest rate hikes are coming, raising concerns among markets about the Bank of Japan's delayed response to rising prices and potential inflation. This has been accompanied by a depreciation of the yen and expectations of additional interest rate increases, as worries persist about the impact of inflation on the Japanese economy and global markets.
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