Shotlist FILE: Tokyo, Japan - Date Unknown 1. Various of cityscape, traffic FILE: Tokyo, Japan - Date Unknown 2. Japanese national flag 3. Building of Bank of Japan 4. Sign of Bank of Japan FILE: Tokyo, Japan - June 16, 2022 5. Various of signs reading "The Bank of Japan" FILE: Tokyo, Japan - Exact Date Unknown 6. Various of bank clerk checking Japanese yen banknotes through bill counter 7. Various of Japanese yen banknotes on counter FILE: Tokyo, Japan - Nov 29, 2025 8. Various of pedestrians FILE: Tokyo, Japan - Date Unknown 9. Various of traffic 10. Signs of bank, stores Storyline Japan's benchmark yield on newly issued 10-year government bonds briefly rose to 2.125 percent, marking its highest level since February 1999, according to multiple Japanese media outlets on Monday. The 10-year bond yield serves as a key indicator of long-term interest rates in Japan. Bond prices and yields move in opposite directions. When investors actively purchase government bonds, prices rise and yields fall. Conversely, when bonds are sold off, prices drop and yields increase. According to the media reports, the recent spike in bond yields has been driven by a rise in long-term U.S. Treasury yields and growing expectations that the Bank of Japan may continue to raise interest rates in phases. As a result, selling pressure on Japanese government bonds has intensified, pushing yields steadily higher. [Restrictions: No access Chinese mainland]