Japan's Benchmark Bond Yield Hits Decade-High on Rate-Hike Bets.

Japan's benchmark government bond yield has reached its highest level since 2013, as investors anticipate further interest rate hikes by the central bank to support the struggling yen. The yield on 10-year government debt rose to 0.975%, nearing the closely watched 1% mark. This increase in yields has also led to expectations that Japanese long-term investors will allocate more funds to domestic debt rather than international markets. Analysts are divided on the Bank of Japan's next move, with some predicting more rate hikes and others suggesting a focus on reducing the bank's balance sheet. The widening yield gap between Japan and the rest of the world has contributed to the yen's decline against the dollar. [Extracted from the article]