--- title: "Japan's 10-year bond yield hits 29-year high after hawkish BOJ meeting summary" type: "News" locale: "en" url: "https://longbridge.com/en/news/286017029.md" description: "Japan's 10-year government bond yield reached a 29-year high of 2.540% following a hawkish summary from the Bank of Japan's April policy meeting. Some policymakers indicated a need for imminent rate hikes due to inflationary risks, with three board members dissenting for a 1.0% increase. Market sentiment is bracing for early interest rate hikes, although uncertainties from the Middle East conflict may weaken the upcoming bond auction. The 30-year and 40-year yields also saw slight increases, reflecting the overall market trend." datetime: "2026-05-12T00:49:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286017029.md) - [en](https://longbridge.com/en/news/286017029.md) - [zh-HK](https://longbridge.com/zh-HK/news/286017029.md) --- # Japan's 10-year bond yield hits 29-year high after hawkish BOJ meeting summary TOKYO, May 12 (Reuters) - Japan's 10-year government bond yield rose to a 29-year high on Tuesday ahead of an auction of the same-maturity debt, as market participants took the summary of opinions of the Bank of Japan's April policy meeting as hawkish. The 10-year JGB yield rose 2 basis points (bps) to 2.540%, its highest since June 1997. Some BOJ policymakers in April saw the need to raise rates soon, with one signalling the chance of accelerating the pace of hikes if inflationary risks heightened, a summary of opinions at last month's meeting showed on Tuesday. Last month, three BOJ board members dissented, calling for a rate hike to 1.0%. Naoki Tamura and Junko Nakagawa joined Hajime Takata, who unsuccessfully made a solo proposal to hike in March. "The market took the overall tone of the summary hawkish, and it braced for an early interest rate hike," said Yuki Kimura, a bond strategist at Okasan Securities. Japan's Ministry of Finance will hold an auction of the 10-year bonds later in the day. The outcome will be moderately weak over uncertainties about the impact of the Middle East war, Kimura said, adding that the high yield level could attract some investors. The 30-year yield inched up 2 bps to 3.78%. The 40-year yield rose 1 bp to 4.035%. Bonds of other tenors had not been traded, as of 0048 GMT. (Reporting by Junko Fujita; Editing by Subhranshu Sahu) ### Related Stocks - [1473.JP](https://longbridge.com/en/quote/1473.JP.md) - [1475.JP](https://longbridge.com/en/quote/1475.JP.md) - [2525.JP](https://longbridge.com/en/quote/2525.JP.md) - [1369.JP](https://longbridge.com/en/quote/1369.JP.md) - [1346.JP](https://longbridge.com/en/quote/1346.JP.md) - [1568.JP](https://longbridge.com/en/quote/1568.JP.md) - [8609.JP](https://longbridge.com/en/quote/8609.JP.md) - [8301.JP](https://longbridge.com/en/quote/8301.JP.md) ## Related News & Research - [Japan's 10-year bond yield hits 29-year high as market awaits Bessent's remarks](https://longbridge.com/en/news/286045259.md) - [Japan's 10-year bond yield hits 29-year high as inflation worries resurface](https://longbridge.com/en/news/286175004.md) - [German 10-year bond yield stays at 15-year high amid global bond rout](https://longbridge.com/en/news/286736377.md) - [Assessing Ito En (TSE:2593) Valuation As Shares Lose Momentum Over The Past Year](https://longbridge.com/en/news/286843053.md) - [I inherited a house. My CPA says I should sell within a year to avoid capital gains. Is he right?](https://longbridge.com/en/news/286876643.md)