Japan's 40-Year Bond Yields Rise on Inflation Fears and Fed Rate Hikes

Japan's central bank has failed to convince investors that it will tighten policy fast enough to combat inflation, as the country's 40-year government bond yield rose by 10 basis points.

The 40-year rate climbed to 4.01%, while the five-year yield reached its highest level since its debut in 2000. The increases follow moves in US Treasuries, which have been influenced by higher oil prices boosting bets that the Federal Reserve will raise interest rates.