Japan 10-Year Government Bond Yield Hits Highest in 10 Years at 0.755%

Japan's 10-year government bond yield continued its upward trend, reaching the highest level in 10 years. At the same time, the value of the yen in the international financial market hit its lowest point in 11 months, maintaining the trend of a weak yen.

According to major local foreign media on the 28th, the yield on Japan's 10-year government bond rose by 0.020 percentage points from the previous day's closing price to 0.755%. This is the highest level in 10 years since September 2013.

In the bond market, it is interpreted that Japan's long-term interest rates are rising alongside the increase in U.S. long-term interest rates. In the market, there is a view that if the Bank of Japan revises its monetary easing policy, bond prices will fall, leading to an increase in the number of people selling Japanese government bonds.

Photo by Yonhap News

The value of the yen against the dollar continues to decline. On this day, the yen-dollar exchange rate rose to 149.71 yen per dollar. This is the highest level in 11 months since it surpassed 150 yen per dollar in October last year. An increase in the yen-dollar exchange rate means the dollar's value is rising while the yen's value is falling.

In Japan, as the yen-dollar exchange rate approaches the psychological resistance level of 150 yen per dollar, there is analysis that authorities may intervene in the market. Japanese Finance Minister Suzuki Shunichi said, "If there is excessive volatility in the foreign exchange market, we will not rule out any measures and will respond appropriately."

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