TOKYO, Sept 1 : Japan's benchmark 10-year bond yield hit 3 per cent on Tuesday for the first time since September 1996, pushed higher by investor concerns about inflation, fiscal health and mounting pressure on the central bank to raise interest rates faster.With the Middle East crisis stoking inflation fears globally and pressure on the Bank of Japan to accelerate rate hikes, yields have jumped to historic levels across the Japanese government bond curve.That has accelerated in recent days with domestic media reporting Japan's ministries and agencies likely made the largest initial budget request on record for next fiscal year.The spike in the 10-year yield came amid a deepening global debt selloff of bonds on Tuesday as traders fret about oil-driven inflation, monetary tightening and worsening fiscal conditions around the world.
Japan's benchmark bond yield rises to 3% for first time in 30 years
TOKYO, Sept 1 : Japan's benchmark 10-year bond yield hit 3 per cent on Tuesday for the first time since September 1996, pushed higher by investor concerns about inflation, fiscal health and mounting pressure on the central bank to raise interest rates faster.With the Middle East crisis stoking inflation fears
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