Japan 10-Year Yield Climbs Ahead of Inflation Data

Japan’s 10-year government bond yield rose to around 1.09% on Thursday, edging closer to 13-year highs as investors braced for October inflation data, which could provide clues about the Bank of Japan's future interest rate hikes.

BOJ Governor Kazuo Ueda signaled on Monday that any rate hikes would be gradual and contingent on economic conditions, although he did not offer a specific timeline for when such hikes might occur.

Earlier this week, data revealed that Japanese exports surged by 3.1% in October, reversing a 1.7% decline in September and exceeding expectations for a 2.2% increase.

Imports also rose by 0.4%, defying expectations for a 0.4% decline.