Short-term JGB yields rise to record high after last week's BOJ rate hike
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Japanese government bond yields rose to record highs following the Bank of Japan's interest rate hike, with the two-year yield reaching 1.105% and the 10-year yield climbing to 2.07%. Despite the rate increase, the yen weakened as BOJ Governor Kazuo Ueda's stance was less hawkish than expected. Authorities warned of potential intervention against excessive exchange-rate moves.
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