On April 9, the 30-year Japanese government bond yield rose to a 21-year high on Wednesday, as investors sold the most liquid bonds to raise cash amid market collapse triggered by U.S. trade tariffs. As stock markets and oil prices plummeted, the 30-year Japanese bond yield rose to a maximum of 2.785%, the highest level since August 2004, rising 22 basis points during the day to 2.715%.
Katsutoshi Inadome, senior strategist at Sumitomo Mitsui Trust Asset Management, said: "The yield of ultra-long-term bonds has risen above the level before Trump announced tariffs, which is like a panic sell-off." The Bank of Japan, Ministry of Finance, and Financial Services Agency will hold a high-level officials meeting starting at 15:00 Beijing time to discuss financial market issues. (Jinshi)
