BondsPM's expansionary policy pushes up 10-year debt yield; worries grow over BOJ movesPrime Minister Sanae Takaichi's expansionary fiscal plan is causing concern in the Japanese government bond market. (Photo by Akira Kodaka)JADA NAGUMOJuly 7, 2026 16:40 JSTTOKYO -- Yields on Japanese government bonds (JGBs) have resumed their climb, with the 10-year benchmark yield rising above 2.8% as investors grow increasingly worried about Prime Minister Sanae Takaichi's pro-growth agenda, its implications for Japan's fiscal outlook and the Bank of Japan's room to raise rates further.