Yield on 10-Year Japan Government’s Bond Hits 1.5%, Highest Since June 2009Tokyo, 6 Mar (ONA) — The yield on the benchmark 10-year Japanese
government bond hit 1.500 percent today for the first time since
June 2009 amid speculation the Bank of Japan (BOJ) will further raise
interest rates.
The increase in the key barometer of long-term interest rates came
after BOJ Deputy Governor Shinichi Uchida said that the
central bank intends to continue tightening monetary policy if the
economy and prices move in line with projections, according to Japan
news agency (KYODO).
The key yield briefly climbed 0.060 percentage point from
yesterday’s close.
In January 2025, the BOJ raised its policy interest rate to 0.5 percent
from 0.25 percent, its highest level in about 17 years, with
expectations that wage hikes will be robust after this year’s annual
labor-management negotiations.— Ends/Khalid
