NewsHK
Sovereign debt markets are delivering an uncomfortable reminder that fiscal reckoning is not confined to the West.
Japan's government bond yields have climbed to their highest point since 1996, a three-decade milestone driven by investor anxiety over the country's long-term spending plans.
For the buy-side, the 1996 level is the data point; the question is what it signals about the broader cycle.
Fiscal concerns behind the yield move The sell-off in Japanese government bonds reflects worries about long-term spending commitments rather than a reaction to a single policy announcement.
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