1. The yield on Japan's benchmark 10-year government bond has reached a 17-year high of 1.66%, last seen in July 2008.
2. The increase is due to investors expecting the Bank of Japan to raise interest rates soon, following two policy board members proposing an increase at a recent meeting.
3. Despite this, a majority of members voted to keep the key policy rate unchanged at the most recent Bank of Japan meeting.
2. The increase is due to investors expecting the Bank of Japan to raise interest rates soon, following two policy board members proposing an increase at a recent meeting.
3. Despite this, a majority of members voted to keep the key policy rate unchanged at the most recent Bank of Japan meeting.
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Summary
1. Japan's 10-year government bond yield surges to a 17-year high of 1.66% following investor anticipation of potential interest rate hikes by the Bank of Japan.
2. Two policy board members advocated for an increase during a recent meeting, but the majority voted to maintain the key policy rate
2. Two policy board members advocated for an increase during a recent meeting, but the majority voted to maintain the key policy rate