Japan’s 20-Year Bond Yield Rises to 1997 High on Inflation Woes

Japan’s 20-year government bond yield breached its January peak to touch the highest level since 1997, as elevated energy prices add to inflation pressure.

The rate advanced 5 basis points to 3.495%, surpassing the previous high of 3.46% set on Jan. 20. The 10-year and 30-year yields also rose 5 basis points to 2.59% and 3.86%, respectively.