Analyst: 10-Year JGB Yields Expected to Rise Due to Concerns Over Fiscal and Central Bank Policies

Odaily Odaily News Tsuyoshi Ueno, an economist at NLI Research Institute, stated that the yield on 10-year Japanese government bonds (JGBs) is expected to rise above 2.7% in the next three months, driven by concerns that a consumption tax cut plan could further deteriorate Japan's fiscal condition.

"Furthermore, there are market concerns that the Bank of Japan may be behind the curve in addressing inflation, which could also push bond yields higher," Tsuyoshi Ueno noted.