On December 8, local time, the yield on newly issued 10-year treasury bonds, an indicator of long-term interest rates, rose to 1.970% in the Tokyo bond market in Japan. This is a high level after a lapse of about 18 and a half years since June 2007. Some analysts believe that bond sell-off continues to accelerate due to heightened market expectations of the Bank of Japan's interest rate hike and concerns about the expansionary fiscal policy of the Takao Cabinet.

On December 8, local time, the yield on newly issued 10-year treasury bonds, an indicator of long-term interest rates, rose to 1.970% in the Tokyo bond market in Japan. This is a high level after a lapse of about 18 and a half years since June 2007. Some analysts believe that bond sell-off continues to accelerate due to heightened market expectations of the Bank of Japan's interest rate hike and concerns about the expansionary fiscal policy of the Takao Cabinet.