Japan's benchmark 10-year government bond (JGB) yield edged higher on Tuesday as investors grew increasingly concerned about the government's fiscal outlook, with uncertainty lingering over how Prime Minister Sanae Takaichi plans to finance proposed food tax cuts, according to Reuters.
The 10-year JGB yield rose as high as 2.78% before holding at that level, up 1 basis point on the day. Bond yields move inversely to prices.
