Japanese government bond yields showed mixed movements on Tuesday, with a weaker-than-expected auction for 5-year bonds. Yields on shorter maturities edged up, while longer-term bonds saw slight declines. Discussions between Japan's Finance Minister and the U.S. Treasury Secretary about global markets and currency swings have fueled speculation about potential acceleration of Bank of Japan rate hikes to address yen weakness.

Japanese government bond yields are climbing as persistent inflation and fiscal concerns weigh on investors. A new government growth strategy, aiming for substantial public and…

Japan's 2-year bond yield hit 1.41% and the 5-year reached 1.915% as the BOJ reduces stimulus. Here's what rising Japanese yields mean for global markets.