The yield on the benchmark 10-year Japanese government bond briefly rose to a level not seen in about seven-and-a-half years.
It hit 0.54 percent on Friday morning.
Market sources say many investors are selling JGBs on speculation the Bank of Japan may again taper its relatively loose policy.
The BOJ decided in its December meeting to allow the yield on the 10-year bonds to move in a range of plus or minus 0.5 percent.
The earlier range was plus or minus 0.25 percent.
The rising JGB yield fueled speculation that Japan's interest rates could move closer to those in the United States.
The Japanese currency rose against the US dollar as a result, climbing to the upper 128-yen level at one point on Friday.
It hit 0.54 percent on Friday morning.
Market sources say many investors are selling JGBs on speculation the Bank of Japan may again taper its relatively loose policy.
The BOJ decided in its December meeting to allow the yield on the 10-year bonds to move in a range of plus or minus 0.5 percent.
The earlier range was plus or minus 0.25 percent.
The rising JGB yield fueled speculation that Japan's interest rates could move closer to those in the United States.
The Japanese currency rose against the US dollar as a result, climbing to the upper 128-yen level at one point on Friday.
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Summary
10-year Japanese government bond yield rose to a 7.5-year high at 0.54% on Friday, prompted by investor speculation regarding the Bank of Japan potentially tightening its monetary policy. The BOJ expanded the allowable yield range for 10-year bonds from +/- 0.25% to +/- 0.5% in December. This
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ID: 77468c0e-4e61-4dbf-961f-cf7d5569a72e
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230113_17/
Date: Jan. 13, 2023
Created: 2023/01/13 15:55
Updated: 2025/12/09 09:06
Last Read: 2023/01/13 16:32