- Japan’s 10-year yield hit 2.49%, the highest since 1997, indicating a policy shift.
- Markets price 54% chance of a BOJ hike by April, with 25 bps by July 2026.
- Japan is also pushing pro-crypto reforms with 20% tax and institutional access
Japan’s 10-year government bond yield has climbed to 2.49%, its highest level since 1997. The move indicates a sharp transition in market expectations, with investors now pric