US EditionJapan’s 10-Year Yield Hits Highest Level Since 2008 Financial Crisis
JAPAN, JUL 14 – Japan's 20-year government bond yield surge signals potential global financial shifts while Bitcoin's trading volume increased 120.85%, reflecting heightened market activity, analysts said.
- On Tuesday, Japan's 10-year government bond yield rose to 1.599%, marking its peak level not seen since the financial crisis of 2008.
- The surge in yields comes amid growing worries about government spending as the upcoming Sunday vote for the upper house approaches.
- Opposition parties call for tax cuts and increased spending while Prime Minister Shigeru Ishiba rejects debt-funded tax cuts amid Japan's high public debt levels.
- Masahiko Loo highlighted that imbalances between supply and demand in Japan's bond market may intensify, given that life insurers are increasingly limited in their ability to purchase additional bonds, while the Bank of Japan intends to reduce its quarterly bond purchases by 400 billion yen until March 2026.
- The rising yields and political uncertainty suggest potential fiscal expansion that may prompt the BOJ to revise inflation forecasts upward and accelerate future rate hikes.
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Bond yields in Japan have not been so high for decades. The reason: The upcoming overselection fueled the concern that populist policies with high spending and tax cuts prevented the restructuring of the highly indebted state budget.
·Zürich, Switzerland
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Japan bond yields hit multi-decade highs as fiscal fears mount ahead of ...
·Los Angeles, United States
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Total News Sources21
Leaning Left4Leaning Right2Center5Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 36%
C 45%
R 18%
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