[Japanese 30-Year Government Bond Yield Rises to 3.45%, Hitting a Record High]
Amid growing concerns over the government's debt-financed stimulus plans, Japan's ultra-long-term bonds fell on Wednesday, pushing long-term yields to historic highs. The 30-year government bond yield rose by 2.5 basis points to 3.45%, surpassing the record set earlier this week, while the 40-year government bond yield increased by 1.5 basis points to 3.715%. Long-term bond yields have been climbing steadily since early November, driven by market speculation about the scale of Japanese Prime Minister Sanae Takaichi's debt-financed stimulus plans. Short-term bond yields also rose as the Bank of Japan hinted at the possibility of further interest rate hikes. According to a report by NHK, Japan plans to issue approximately 29.6 trillion yen (about $189.55 billion) in new government bonds for the fiscal year 2026 budget. In an interview with *Nikkei*, Sanae Takaichi emphasized that her fiscal plan does not include irresponsible bond issuance or tax cuts.