The yield on 10-year Japanese bonds has exceeded 1% for the first time in 12 years

On May 24th, as the market is cautious about the Bank of Japan's reduction of regular bond purchases and speculation that the Bank of Japan will further raise interest rates, the yield of 10-year Japanese government bonds broke through 1% on Friday for the first time in 12 years. The yield of 10-year Japanese government bonds rose slightly by 0.5 basis points in the day, reaching 1.005% at one point, the highest level since April 2012; the yield of 5-year Japanese government bonds also rose by 0.5 basis points to 0.585%, the highest level since February 2011.