Japan bond yields spike on Takaichi budget fears, worries over US view

BondsBenchmark JGB yield rises toward 3% as markets brace for next phase of fiscal planningThe Takaichi administration will compile the fiscal 2027 budget, its first full budget cycle in office, before seeking cabinet approval at the end of the year. (Nikkei montage/Source photos by Ken Suzuki)JADA NAGUMOAugust 19, 2026 11:40 JSTTOKYO -- Japanese government bond yields are climbing, with the benchmark 10-year yield closing in on the 3% mark for the first time in three decades in the face of uncertainty over the government's fiscal plans and concerns over how Tokyo's policies will be viewed in Washington.