Japan benchmark bond yield hits 30-year high of 3% amid global debt selloff

BondsOil-driven inflation fears and fiscal jitters push yields higher across AsiaConcerns over inflation have fueled a selloff in global bond markets. (Photo by Kazuho Fujiwara)JADA NAGUMOSeptember 1, 2026 12:15 JSTUpdated on September 1, 2026 15:13 JSTTOKYO -- The yield on benchmark 10-year Japanese government bonds briefly reached 3% on Tuesday, hitting a three-decade high as a global sell-off in sovereign debt intensified amid inflation and mounting fiscal pressures.