Tokyo, Dec. 19 (Jiji Press)–The yield on the latest issue of 10-year Japanese government bonds, regarded as the country’s benchmark long-term interest rate, rose to 2.00 pct in Tokyo trading Friday, reaching the highest level since May 2006. JGBs were hit by selling as speculation spread among market players that the Bank of Japan will continue to implement interest rate hikes next year after its decision Friday to raise the policy interest rate from around 0.5 pct to around 0.75 pct, a level unseen in 30 years. Government bonds were also under downward pressure amid lingering concerns over the expansionary fiscal policy of the administration of Prime Minister Sanae Takaichi. END [Copyright The Jiji Press, Ltd.]
10-Yr JGB Yield Hits 2 Pct after BOJ Rate Hike Decision
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