The yield on Japan's 10-year government bonds has risen to its highest level since July 2007.

On December 4th, reporters learned that on that day in the Japanese bond market, the yield on the 10-year new government bond, which serves as a long-term interest rate benchmark, rose to 1.9%, the highest level since July 2007. As the market believes that the Bank of Japan may continue to raise interest rates in stages, government bonds were sold off, leading to an increase in long-term interest rates.