Japan's 10-year treasury yield climbed to its highest level since 1999, and the yen weakened. Although the Bank of Japan announced interest rate hikes as widely anticipated, uncertainty surrounding the policy path still exists. The Bank of Japan's interest rate hike of 25 basis points to 0.75% was in line with economists' expectations, but traders were disappointed with the lack of clear guidance on when the central bank might tighten monetary policy again. The increase in USD/JPY extended to 0.9% to 156.89, hitting the highest level since December 10. The 10-year Japanese bond yield rose above 2%, marking an important milestone in the normalization process of the Japanese financial market. Currently, this yield is higher than China's yield for the same period, but it is still about half of the US yield.

Japan's 10-year treasury yield climbed to its highest level since 1999, and the yen weakened. Although the Bank of Japan announced interest rate hikes as widely anticipated, uncertainty surrounding the policy path still exists. The Bank of Japan's interest rate hike of 25 basis points to 0.75% was in line with economists' expectations, but traders were disappointed with the lack of clear guidance on when the central bank might tighten monetary policy again. The increase in USD/JPY extended to 0.9% to 156.89, hitting the highest level since December 10. The 10-year Japanese bond yield rose above 2%, marking an important milestone in the normalization process of the Japanese financial market. Currently, this yield is higher than China's yield for the same period, but it is still about half of the US yield.