JGB yields rise as inflation concerns grow on BOJ policy outlook

Japanese government bond yields rose across tenors, with the benchmark 10-year JGB yield up 5 basis points to 2.645 percent, the 20-year yield climbing 5.5 bps to 3.565 percent, and the 30-year yield adding 6 bps to 3.855 percent. The move was driven by inflation concerns after reports that the Japanese government may push the Bank of Japan toward pro-growth policies, potentially slowing interest rate hikes and delaying action against rising prices. The new economic policy framework is expected to be released next month, targeting annual real growth above 1 percent versus the recent five-year average of 0.4 percent.