BOJ Rate Hike Expectations Fuel Bond Yield Rise in Japan

The Japanese government bond yields rose on Monday as investors became increasingly aware of the possibility that the Bank of Japan could raise interest rates at a faster pace than previously expected.

This follows the release of the BOJ's last policy meeting summary, which signaled possible rate hike acceleration. The strengthening expectations for an early rate hike have been accompanied by downward pressure on the yen, which remains strong.