Wednesday, October 9, 2024
HomeBusinessJapanese yields have room to rise after hitting 1% on BOJ bets

Japanese yields have room to rise after hitting 1% on BOJ bets

Japanese 10-year government bond yields hit the key psychological level of 1% for the first time since the Bank of Japan stepped up unprecedented stimulus in 2013.

The focus now turns to how quickly the ultra-easy monetary policy will be reversed and how much further interest rates can rise. Those for 20- and 30-year bonds have recently hit a decade high, with inflation remaining above the central bank’s 2% target for two years, and analysts expect them to rise further.

โ€œIf interest rate expectations start to rise, Japanese government bond yields will continue to rise across the curve, especially over the 10-year horizon,โ€ said Shoki Omori, chief strategist at Mizuho Securities. rise to 1.2% in the coming weeks, he said.

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