JGB yields rise as inflation concerns grow on BOJ policy outlook
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Here are a few details: The benchmark 10-year JGB yield rose 5 basis points (bps) to 2.645%. Yields move inversely to bond prices.The 20-year JGB yield climbed 5.5 bps to 3.565%. The 30-year yield added 6 bps to 3.855%. The government is expected to address the importance of the "appropriate monetary policy" in its basic policy framework for economic and fiscal management to be released next month, Kyodo News reported over the weekend. Japanese government bond yields climbed as inflation worries grew. Reports suggest the government might steer the Bank of Japan towards its pro-growth economic plans, potentially slowing interest rate hikes. This move, aimed at boosting annual real economic growth beyond 1%, has sparked concerns that the central bank could lag in tackling rising prices. The government's new economic framework is expected next month. The move is aimed at reining in the central bank's willingness to keep raising interest rates, the report said. "This has raised concerns that the BOJ will be behind in raising interest rates to cope with inflation," said Yuki Kimura, a bond strategist at Okasan Securities. Japan's government will aim to entrench annual real economic growth of more than 1%, Reuters reported on Monday, citing the draft of the basic policy framework for economic and fiscal management. Japan's average real growth rate over the last five years was 0.4%. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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