Japan 10-Year Yield Edges Higher
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Japan's 10-year government bond yield increased to 1.94%, driven by speculation of a potential interest rate hike by the Bank of Japan. Governor Kazuo Ueda hinted at nearing the inflation target, suggesting a rate increase. Cabinet officials may support this move due to concerns over a weak yen affecting import costs. Strong demand was seen in a recent 20-year bond auction, indicating investor interest in higher yields.
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