Japan's 30-year government bond yield hits a new high, sparking market discussions on the possibility of a central bank interest rate hike this month

Japan's 30-year government bond yield has reached a historic high, driven by persistently high inflation and increasing market expectations for the Bank of Japan to raise interest rates later this month. It is currently up 1.5 basis points, at 3.405%. Bank of Japan Governor Kazuo Ueda stated on Monday that the central bank will thoroughly discuss the possibility of raising interest rates at the upcoming meeting, which has boosted market expectations for a rate hike in the near term. The 10-year government bond yield remains unchanged at 1.875%. (Jin Ten)