Japan 10-Year Yield Holds Steady Amid BOJ Rate Hike Expectations

The 10-year government bond yield in Japan remained steady at around 2.98% on Monday, holding near its highest level in three decades.

This comes as investors prepare for the Bank of Japan's policy meeting this week, where a rate hike is widely expected to be announced.

The BOJ is likely to raise its policy rate to 1.25%, marking the highest since April 1995, to address persistent upside risks to prices.

Markets are also watching for guidance on the possibility of another rate hike later this year.