Japan 10Y Yield Sideways on BOJ Policy Uncertainty

2026-04-22 03:31 By Jam Kaimo Samonte 1 min. read

Japan’s 10-year government bond yield held near 2.4% on Thursday, moving largely sideways this week as investors reassessed the Bank of Japan’s policy outlook ahead of its meeting next week.

Reports suggest the central bank is likely to keep rates unchanged this month while gauging the economic impact of the Middle East conflict, though it may hint at a potential return to policy normalization as early as June.

The BOJ is also expected to revise inflation forecasts higher while cutting growth projections, reflecting increased energy costs and broader pressure from the Iran war.

Adding to uncertainty, plans for a second round of US-Iran peace talks collapsed, though President Donald Trump extended the current ceasefire.

On the data front, Japanese exports rose for a seventh consecutive month, supported by steady demand from China and ASEAN economies, although the trade surplus came in at 667 billion yen, below expectations of 1.1 trillion yen.



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