JGB yields jump as inflation worries resurface
TLT•Policy and market backdrop
Local media reports about Economic Minister Minoru Kiuchi seeking advice from reflationist economists in crafting the economic blueprint boosted worries that the central bank would be behind the curve in coping with rising prices, said Katsutoshi Inadome, a senior strategist at Sumitomo Mitsui Trust Asset Management.
Prime Minister Sanae Takaichi's first economic blueprint, compiled in July and focused on economic growth, jolted markets and sent bond yields soaring.
The selloff of super long bonds eased earlier this month as bets on BOJ rate hikes at a faster pace grew.
On Thursday, the 20-year JGB yield JP20YTN=JBTC jumped 8 bps to 3.900%. The 30-year yield JP30YTN=JBTC rose 6 bps to 4.130%.
