Japan 10-year government bond yields crept closer to a 11-year high on Monday as the Bank of Japan kicks off its two-day monetary policy meeting.
Yields for the 10-year JGB climbed 2.29% on Monday to 0.893%, its highest level since it briefly reached 0.895% on Oct. 26.
Before that, the last time the yield was at this level was in April 2012.
In July, the BOJ effectively broadened the yields permissible on the 10-year JGB by 50 basis points to 1% either side.
Read CNBC's preview of the Bank of Japan's policy meeting here.
Persons:
— Lim Hui Jie
Organizations:
Bank of Japan, Bank of
Locations:
Japan