TOKYO -- The Bank of Japan is taking a wait-and-see approach as yields on long-term Japanese government bonds rise, spurring commercial banks to follow suit while fueling concern in the Finance Ministry over an increase in debt-servicing costs.
Bonds
Bank of Japan stays on sidelines as 10-year yield climbs toward 2%
Market watchers see room for further rise toward Tokyo's assumed debt-service rate
The Bank of Japan has so far avoided stepping in to curb rising long-term government bond yields. (Photo by Akira Kodaka)
Read Next
Latest on Bonds
