Japan's 30-year government bond yield hits a new record of 3.445%

Japan's 30-year government bond yield hit a new record of 3.445% on Thursday morning, ahead of the Finance Ministry's sale of 700 billion yen in notes in this range, with results to be announced in the afternoon.

Sony Financial Group economist Takayuki Miyajima stated, "While speculation about the Bank of Japan raising interest rates and concerns over fiscal expansion are driving selling pressure, the upcoming 30-year bond auction is expected to see stable results due to high yields supporting demand." Japanese government bond yields have been on the rise, reflecting market expectations that the Bank of Japan will raise interest rates in December, as well as concerns over a potential deterioration in Japan's fiscal situation. (Jin Shi)