Japan Bond Yields Slide Again Amid Lower Oil Prices

Japan's 10-year government bond yield fell for a second consecutive session to around 2.78% on Thursday, as lower oil prices and reduced concerns over inflation boosted expectations of interest rates.

The partial reopening of the Strait of Hormuz, following an agreement between Iran and Oman to establish a shipping corridor, eased worries about energy flows from the Middle East.

Despite this development, Japanese bond yields remained supported by growing expectations that the Bank of Japan will raise interest rates again.