Japan's 10-year government bond yield climbed to 1.11% on Friday, marking its highest point in over 13 years. The milestone follows a steady rise, with the yield gaining 5.28 basis points in the past month and surging 52 basis points over the last year.
The rise reflects growing market expectations for tighter monetary policy, fueled by persistent inflation and the Bank of Japan's recent deliberations on a potential rate hike. Today, a summary of opinions at the bank's December meeting showed that some policymakers saw conditions for an imminent rate hike, with one predicting a move "in the near future."
The 10-year Japan government bond return rose by 1.9 basis points to 1.109% at 9:09 am CET.
