Japanese bond yields march toward 3% as fiscal fears escalate

PM's expansionary policy pushes up 10-year debt yield; worries grow over BOJ moves Prime Minister Sanae Takaichi's expansionary fiscal plan is causing concern in the Japanese government bond market. (Photo by Akira Kodaka) TOKYO — Yields on Japanese government bonds (JGBs) have resumed their climb, with the 10-year benchmark yield rising above 2.8% as investors grow increasingly worried about Prime Minister Sanae Takaichi's pro-growth agenda, its implications for Japan's fiscal outlook and the Bank of Japan's room to raise rates further.

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