Japan’s Yield Shock: Takaichi Presses BOJ as 30-Year Hits 3.97%
PM Takaichi’s May request that the BOJ buy more bonds becomes public as 30-year JGB yields hit a record 3.97% and 10-year yields the highest since 1996.
PM Takaichi’s May request that the BOJ buy more bonds becomes public as 30-year JGB yields hit a record 3.97% and 10-year yields the highest since 1996.
U.S. Treasury and the NY Fed joined the Bank of Japan to buy yen after USD/JPY hit 40-year highs — Washington’s first yen support in over a decade.
Japan’s 40-year government bond yield hit an all-time high of 4.04% on May 19. Inside the JGB rout — the data, drivers, and global ripple effects.
The widest policy-rate gap between Washington and Tokyo since the 1990s is keeping the yen on the back foot. Here is what the May 2026 capital markets picture looks like.