The yield on Japanese government bonds reached a 29-year high at one point.

On the 12th day, in the domestic bond market of Japan, the newly issued 10-year government bond yield, which serves as a long-term interest rate benchmark, temporarily rose to 2.540%, reaching the highest level since June 1997, about 29 years ago. The continuous turmoil in the Middle East has led to an increase in oil prices, causing market concerns about accelerating domestic inflation in Japan, which has led to a sustained selling trend in bonds.