What do 3% yields mean for Japan's businesses, Takaichi's spending plans?

EconomyBorrowing costs are rising, but large companies still have appetite for investmentYields on Japan's benchmark 10-year government bond touched 3% on Sept. 1, the highest level in 30 years. (Photo by Kazuho Fujiwara)KENTA SHINOZAKISeptember 2, 2026 02:00 JSTTOKYO -- With long-term interest rates in Japan's bond market hitting 3% for the first time in 30 years, this shift toward higher costs of capital forces difficult choices and challenges on companies, households and the government alike.