Japan's 30 year government bond yield rose 5 basis points on Oct. 5 to a record 4.24% on investor concerns over inflation and debt issuance, while the 40 year yield climbed 6 basis points to 4.32%. With public debt at 204% of GDP and the Bank of Japan reducing bond purchases, funding costs continue to rise. Meanwhile, Japanese stocks diverged from the bond market, surging 2.5% on Monday and climbing 11% over the last 23 trading days.
Tuesday, October 20, 2026
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Japan 30-Year Bond Yield Hits Record 4.24% Prompting PM Debt Pledge
Global Markets16 days ago
Prime Minister Sanae Takaichi told parliament on Monday that Japan will not pursue unlimited deficit spending despite pursuing growth programs. Takaichi pledged to control bond issuance and maintain fiscal sustainability as borrowing costs climb, even as the government prepares a record spending budget and a 2 year cut in the consumption tax on food.
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