The 10-year Japanese public debt interest rate reached 3% for the first time since 1996, marking a historical high in this period. This rise occurred in a context of global sell-off across markets.
The development comes while the US Treasury Secretary urged Tokyo to accelerate interest rate hikes during the G20 meeting. This pressure follows a trend of yen appreciation and an increase in Japanese government bond yields.
The rise in Japanese interest rates has been marking the international economic agenda, with impact on global markets and on the policy decisions of other countries. Japan, traditionally with very low interest rates, is now adjusting its monetary policy in response to inflationary pressures and changes in the global financial landscape.
