Kazuo Ueda

Japanese Bond Yields Hover Near Multi-Decade Highs as Inflation Fears Persist

Japanese government bond yields remained pinned near multi-decade highs on Monday as investors weighed stubborn inflation, elevated energy costs and the prospect of further Bank of Japan tightening. A stronger-than-expected 40-year bond auction provided some support, but sentiment stayed cautious amid concern that fiscal expansion and rate-hike expectations could keep long-end yields elevated.