Japan's 30-Year Government Bond Yield Hits Record High of 3.445%

Japan's 30-year government bond yield hit a record high of 3.445% on Thursday morning, Jin10 reports. The Ministry of Finance plans to sell 700 billion yen in notes in this maturity segment, with auction results scheduled for afternoon release. Takayuki Miyajima, economist at Sony Financial Group, said that while speculation over a Bank of Japan rate hike and concerns about fiscal expansion are driving selling pressure, the upcoming 30-year bond auction is expected to see smooth results as high yields support demand. The upward trend in Japanese government bond yields reflects market expectations for a BOJ rate increase in December and concerns over potential deterioration in Japan's fiscal position.