Japan's 10-year bond yield hits 29-year high after hawkish BOJ meeting summary
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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.
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