Japan's 10-Year Bond Yield to Rise Above 2.7% Within Three Months, Economist Says

According to Tsuyoshi Ueno, chief economist at Japan Life Insurance Research Institute, Japan's 10-year government bond yield is expected to break above 2.7% over the next three months on June 22. Concerns over a potential consumption tax cut further deteriorating Japan's fiscal position are driving the forecast, Ueno stated. Additionally, market concerns that the Bank of Japan may lag in addressing inflation pressures could also push bond yields higher.
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