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Japan's 10-year yield hits three-decade peak on inflation worries
30-Second Summary
- •Japan's 10-year government bond yield reached a 30-year high driven by persistent inflation concerns and expectations of Bank of Japan policy normalization.
- •The rise in yields reflects broader global inflationary pressures and a shift away from Japan's long-standing ultra-loose monetary regime.
My Analysis
Rising Japanese yields reinforce the global 'higher-for-longer' interest rate narrative, keeping borrowing costs elevated for Singapore property buyers. Additionally, as domestic Japanese yields become more attractive, Japanese institutional capital flows into Singapore commercial real estate may experience a temporary slowdown.