Japanese Bond Yield Hits 30-Year High Amid Rate Hike Expectations

The yield on Japan's 10-year government bonds briefly rose to 2.95% on August 31, marking its highest level in 30 years.

This increase of 0.03 percentage points from the previous week pushed bond prices down to their lowest level in three decades since October 1996.

The market is expecting the Bank of Japan to accelerate interest rate hikes as the U.S. shows a positive attitude toward rate increases and the depreciation of the yen continues.