Japan Yields Have Room to Rise After 1% Reached on BOJ Bets
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Japan’s 10-year sovereign bond yield reached the key psychological level of 1% for the first time since the Bank of Japan ramped up unprecedented stimulus measures in 2013.
The focus turns now to how quickly the super-easy monetary policy will be dialed back and how much further yields may rise. Those for 20- and 30-year bonds have reached decade highs recently, with inflation sticking above the central bank’s 2% target for two years, and analysts see them likely to climb more.