JGB yields rise on caution over July rate hike

Analysts say the market is still split on the chance of another rate hike at the BoJ’s July 30-31 meeting. — Reuters

TOKYO: Japanese government bond (JGB) yields rose yesterday, as investors adjusted positions on heightened concerns that the Bank of Japan (BoJ) could raise interest rates again later this month.

On Wednesday, Japan’s Digital Minister Taro Kono said in an interview with Bloomberg that the BoJ needs to raise rates to support the yen, generating fresh caution about the chance of a July rate hike.