Japanese Bonds Plummet as Takaichi's Spending Plan Concerns Grow
Update: 2025-11-18
Description
Japanese government bonds, particularly longer-term ones, experienced a significant drop in value due to investor concerns over Prime Minister Sanae Takaichis new economic spending plan. The yield on forty-year bonds reached its highest level since 2007, with twenty-year and thirty-year debt yields also rising. The size of the new spending package is expected to be larger than last years, causing caution ahead of a twenty-year debt auction. This situation contrasts with other global bonds, which saw yields decrease. Investors are hesitant to buy longer-dated bonds before the auction and are awaiting the governments official announcement of the economic package. Prime Minister Takaichis meeting with Bank of Japan Governor Kazuo Ueda will also be closely watched for clues on the central banks next interest rate hike.
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