Japan Bond Meltdown Sends Yields to Record High on Fiscal Fears

WATCH: Speaking today at the World Economic Forum’s annual meeting in Davos, Finance Minister Satsuki Katayama says Japan will maintain fiscal sustainability while increasing spending.Source: Bloomberg

The slump in Japanese bonds deepened Tuesday, sending yields soaring to records as investors gave a thumbs down to Prime Minister Sanae Takaichi’s election pitch to cut taxes on food.

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