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[30-Year Japanese Government Bond Yield Hits Historic High of 3.445%] The yield on Japan's 30-year government bonds reached a historic high of 3.445% on Thursday morning, following the Ministry of Finance's plan to issue ¥700 billion worth of notes in this range. The auction results will be announced in the afternoon. Sony Financial Group economist Takayuki Miyajima stated that expectations of a Bank of Japan rate hike and concerns over fiscal expansion are driving selling pressure, but high yields may support demand. He expects the 30-year bond auction results to remain stable. Market expectations for a Bank of Japan rate hike in December and concerns over worsening fiscal conditions have driven the rise in government bond yields.