Japanese 30-Year Government Bond Yield Hits Record High, Market Discusses Central Bank's Rate Hike Possibility

BlockBeats News, December 2nd, the 30-year Japanese government bond yield hit a historic high, driven by persistently high inflation and increasing market expectations of a rate hike by the Bank of Japan later this month. It is currently up 1.5 basis points, at 3.405%. Bank of Japan Governor Haruhiko Kuroda stated on Monday that the central bank will thoroughly discuss the possibility of a rate hike at the upcoming meeting, further raising expectations of a rate hike in the near term. The 10-year government bond yield held steady at 1.875%. (Kinshi)