TOKYO -- Japan's 10-year government bond yield rose to the highest level since May 2013 in Tokyo on Monday, as investors speculate that the Bank of Japan might raise the policy rate or cut the government bond purchases due to the weak yen.
Bonds
Japan's 10-year government bond yield rises to 11-year high
Speculation on hawkish BOJ actions, investor risk appetite led to bond selling
Japanese government bond yields have been inching up this year due to the Bank of Japan strengthening its hawkish stance and moving toward normalizing its ultraloose monetary policy. (Photo by Suzu Takahashi)
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