The yield on Japan's two-year government bonds has risen to 1% for the first time since 2008, with market expectations that the Bank of Japan is close to raising interest rates

Japan's 2-year government bond yield has risen to its highest level since 2008, and the yen has strengthened against the US dollar, with the market generally expecting the Bank of Japan to be closer to raising interest rates. The 2-year Japanese government bond yield, which is sensitive to monetary policy expectations, increased by 1 basis point to 1%. The yen rose by 0.3% against the US dollar, reaching 155.77. Bank of Japan Governor Kazuo Ueda will deliver a speech on Monday