FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland)
1. Various of cityscape, traffic

FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland)
2. Japanese national flag
3. Building of Bank of Japan
4. Sign of Bank of Japan

FILE: Tokyo, Japan - June 16, 2022 (CGTN - No access Chinese mainland)
5. Various of signs reading "The Bank of Japan"

FILE: Tokyo, Japan - Exact Date Unknown (CCTV - No access Chinese mainland)
6. Various of bank clerk checking Japanese yen banknotes through bill counter
7. Various of Japanese yen banknotes on counter

FILE: Naha City, Okinawa Prefecture, Japan - Nov 26, 2023 (CCTV - No access Chinese mainland)
8. Market

FILE: Tokyo, Japan - Nov 29, 2025 (CCTV - No access Chinese mainland)
9. Various of pedestrians

FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland)
10. Various of traffic, pedestrians
11. Signs of bank, stores

Japan's benchmark yield on newly issued 10-year government bonds on Thursday briefly rose to 2.515 percent in the domestic bond market, hitting its highest level since February 1999.

The 10-year bond yield serves as a key indicator of long-term interest rates in Japan.

Against the backdrop of sustained turmoil in the Middle East, investors anticipate that high oil prices could exacerbate inflation in Japan. As a result, government bonds of various maturities have been widely sold off in the Tokyo bond market in recent days, driving long-term bond yields higher.

Bond prices and yields move in opposite directions. When investors actively purchase government bonds, prices rise and yields fall. Conversely, when bonds are sold off, prices drop and yields increase.