Japan's 30-Year Government Bond Yield Hits Record 3.405% on Rate Hike Bets

Japan's 30-year government bond yield reached an all-time high of 3.405% on Dec. 2, rising 1.5 basis points, Jin10 data show. The move was driven by persistent inflation and growing market expectations that the Bank of Japan may raise interest rates later this month. Bank of Japan Governor Kazuo Ueda said Monday the central bank will thoroughly discuss the possibility of a rate increase at its upcoming meeting. The 10-year government bond yield remained unchanged at 1.875%.