Excerpt:
(Bloomberg) — The slump in Japanese bonds deepened Tuesday, sending yields soaring to records as investors gave a thumbs down to Prime Minister Sanae Takaichi’s election pitch to cut taxes on food.
The 40-year rate hit 4%, the highest since its debut in 2007 and a first for any maturity of the nation’s sovereign debt in more than three decades. The 20-year yield climbed 13.5 basis points after a lackluster auction underscored broader worries over rising government spending and inflation.
https://finance.yahoo.com/news/japan-40-bond-yield-hits-031341886.html
3 Comments
LFG
Tbf both the ruling and opposition are advocating for it, cutting consumption tax on food is basically the perfect headline to get more vote.
Takaichi is more Truss than Thatcher.
She may regret calling an election early now.