According to WuShuo and Japan Times, Japan's two-year government bond yield has risen to 1%, hitting a new high since 2008, indicating market expectations that the Bank of Japan (BOJ) is about to raise interest rates. The five-year and ten-year yields have climbed to 1.35% and 1.845%, respectively, while the yen appreciated 0.4% against the dollar to 155.49 at one point. BOJ Governor Kazuo Ueda stated that the pros and cons of raising rates will be weighed, and decisions will be made at the appropriate time. The market predicts a 76% chance of a rate hike at the BOJ meeting on December 19, rising to over 90% for the January meeting. Meanwhile, Japan's Ministry of Finance plans to issue more short-term government bonds to support Prime Minister Sanae Takaichi's economic stimulus plan, which is expected to put downward pressure on short-term bonds. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52724