News On Japan

Japan lifts 10-year bond coupon rate to 0.5% as yields rise

TOKYO, Jan 06 (NHK) - Japan's Finance Ministry says it is more than doubling the coupon rate on 10-year government bonds amid a rapid rise in market yields.

The ministry says 10-year bonds to be issued in January will have a coupon rate of 0.5 percent.

The rate has been 0.2 percent since last April. It has been more than eight years since it was set at 0.5 percent or higher.

The move is in response to the sudden jump in yields. ...continue reading

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