Bearbull Investment Insight – Flash note – Japan 3/3

Japanese government bond yields are continuing their upward trajectory, recently reaching levels not observed in over two decades. The gradual increase from -0.25% in 2019 accelerated significantly after the Bank of Japan's (BoJ) initial policy shift in January 2024. This trend has pushed 10-year yields from 0.8% at the end of September 2024 to a peak of 1.46% in February 2025, a level last seen in 2009.