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Japanese 30-Year Government Bond Yield Hits Record High, Market Discusses Central Bank's Rate Hike Possibility

2025.12.02 10:17:57

On December 2, the yield on 30-year Japanese government bonds (JGBs) hit a record high, driven by persistent high inflation and rising market expectations that the Bank of Japan (BOJ) will hike interest rates later this month. Currently, it has increased 1.5 basis points to 3.405%. Bank of Japan Governor Haruhiko Kuroda stated Monday that the central bank will thoroughly discuss the possibility of a rate hike at its upcoming meeting, further lifting near-term rate hike expectations. The 10-year JGB yield held steady at 1.875%.
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