Japan's 10-year bond yield hits highest since 2014 on Ueda remark

TOKYO -- The benchmark 10-year Japanese government bond's yield rose to 0.7% on Monday, hitting a more than nine-year high last reached in January 2014.

Since Japan's inflation rate remains above the Bank of Japan's target of 2%, some media reports added to speculation that the bank would move to lift its negative interest rate policy at an early date.