Tokyo, Sept. 1 (Jiji Press)–The yield on the most recent 10-year Japanese government bond issue, a key long-term interest rate, rose to a 30-year high of 3.0 pct temporarily in Tokyo interdealer trading Tuesday. The yield on the 383rd 10-year JGB issue thus hit the highest level for a benchmark yield since October 1996, according to Japan Bond Trading Co. JGBs came under fresh selling amid concerns about Japan’s fiscal health due to Prime Minister Sanae Takaichi’s expansionary fiscal policy, with the total amount of general-account budget requests by government agencies for fiscal 2027 believed to have exceeded 143 trillion yen. “The long-term interest rate may rise to around 3.3 pct within this year,” a Japanese brokerage house official said. The latest rise in the 10-year JGB yield was also in line with higher U.S. long-term interest rates stemming from inflation fears, as crude oil prices rose after the United States and Iran exchanged attacks. END [Copyright The Jiji Press, Ltd.]
Japan Long-Term Rate Hits 30-Year High of 3 Pct
Related Posts
Japan Key Long-Term Rate Hits 30-Year High of 3.005 Pct
Tokyo, Sept. 1 (Jiji Press)–The yield on the most recent 10-year Japanese government bond issue, regarded as the country’s key long-term interest rate, rose to a 30-year high of 3.005 pct in Tokyo interdealer trading Tuesday. The reading was the highest since
Toyohiro Akiyama, 1st Japanese to Travel to Space, Dies at 84
Tokyo, Sept. 1 (Jiji Press)–Toyohiro Akiyama, who became the first Japanese citizen to travel to space in 1990, died Wednesday at his home in the central Japan town of Odai, Mie Prefecture. He was 84. Born in Tokyo, Akiyama joined Tokyo Broadcasting
