Prospect of Japan raising interest rates roils the US market.

Expectations of a possible rate hike by the Bank of Japan are causing unease in the US markets. The US Treasury bond yields rose on the 1st, with the 10-year US Treasury yield rising to 4.095% on that day. Earlier, Bank of Japan Governor Haruhiko Kuroda hinted that a rate hike may come later in December. Some analysts said that this came as a surprise to investors, who had expected the Bank of Japan to hold off on raising rates, especially given the possibility of pressure from the Japanese government on the central bank.