The yield on Japanese 30-year government bonds hit a record high, fueling market speculation about the possibility of a central bank rate hike this month.

ChainCatcher reports that the yield on Japan's 30-year government bonds hit a record high, driven by persistently high inflation and growing market expectations of a rate hike by the Bank of Japan later this month. It is currently up 1.5 basis points to 3.405%. Bank of Japan Governor Kazuo Ueda stated on Monday that the central bank will thoroughly discuss the possibility of a rate hike at its upcoming meeting, which has boosted market expectations for a near-term rate increase. The yield on 10-year government bonds remained unchanged at 1.875%. (Jinshi)