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TOKYO -- Interest rates in Japan are climbing, reaching a roughly 15-year high on Tuesday, as rising inflation heightens expectations for another rate hike by the Bank of Japan.
The yield on benchmark newly issued 10-year Japanese government bonds rose .045 percentage point from Monday to touch 1.43% for the first time since November 2009. The yield on five-year JGBs reached the 1% range on Tuesday for the first time since October 2008.
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