Lates News

The yield on Japan's 20-year government bonds rose by 8.5 basis points to 3.340%. The yield on Japan's 40-year government bonds touched 4% for the first time since 2007. The yield on Japan's 5-year government bonds rose by 2.5 basis points to 1.710%. Japanese government bonds are facing widespread selling pressure, as market concerns grow over the government's plan to lower the consumption tax on food, leaving a gap in national finances. The new political party "Center for Reform United" formed by Japan's largest opposition party and former ruling coalition partner also hopes to raise funds through managing a new government-related fund to cover the costs of reducing the food consumption tax to 0%.