Exchange rates

EURJPY

Real-time Estimate TTMZero 16:25:10 03/06/2024 BST			5-day change	1st Jan Change
170 ^JPY	-0.36%		+0.07%	+9.15%

10:24am	Japan to finalise long-term fiscal roadmap as early as June 21, sources say	RE
10:06am	Japanese Businesses Pledge $100 Million for Airbus' High Altitude Platform Station Unit	MT

Japan's 10-Year Government Bond Yield Hits 11-Year High of 1.0%

May 22, 2024 at 06:55 am

By Kosaku Narioka

Japan's 10-year government bond yield climbed to 1.0% for the first time in 11 years on Wednesday, propelled by growing expectations that the country's central bank may take further tightening steps in the coming months.

The 10-year yield briefly rose to the psychological threshold of 1.0%, its highest level since May 2013.

Investors have been speculating about the timing for the Bank of Japan's potential rate increases and a possible reduction in its government-bond purchases after the BOJ ended its negative interest-rate policy and halted much of its unorthodox easing measures in March.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

05-22-24 0154ET

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