Japan 10-Year Yield Jumps After BOJ Decision
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Japan's 10-year government bond yield increased to over 1.63%, nearing 17-year highs, following the Bank of Japan's decision to maintain its policy rate at 0.5% for the fifth time. The central bank noted moderate economic recovery but highlighted weaknesses and global trade risks. Additionally, Japan's core inflation rose 2.7% in August, marking a slowdown for the third consecutive month. The rise in Japanese yields also reflected gains in US Treasury yields after the Federal Reserve's recent quarter-point cut.
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