Nippon Life Research Institute economist Tsuyoshi Ueno said concerns that a proposed consumption-tax cut could further weaken Japan's fiscal position lead him to expect the 10-year JGB yield to breach 2.7% within three months. He added markets also fear the BOJ may lag in responding to inflation, which could further push yields higher.

2026-06-22

Nippon Life Research Institute economist Tsuyoshi Ueno said concerns that a proposed consumption-tax cut could further weaken Japan's fiscal position lead him to expect the 10-year JGB yield to breach 2.7% within three months. He added markets also fear the BOJ may lag in responding to inflation, which could further push yields higher.