The Zhitong Finance App learned that Japan's 10-year government bond yield rose to 3% on Tuesday for the first time since entering the 21st century, marking that the country's bond market is returning to an important milestone in the normalization process after the benchmark borrowing costs hovered near zero for many years. The yield rose 6 basis points on the same day, hitting the 3% mark, the highest level since 1996. However, in the same period last year, the yield was only half of the current level, highlighting the rapid changes, which are affecting the Japanese economy and global financial markets.

The Zhitong Finance App learned that Japan's 10-year government bond yield rose to 3% on Tuesday for the first time since entering the 21st century, marking that the country's bond market is returning to an important milestone in the normalization process after the benchmark borrowing costs hovered near zero for many years. The yield rose 6 basis points on the same day, hitting the 3% mark, the highest level since 1996. However, in the same period last year, the yield was only half of the current level, highlighting the rapid changes, which are affecting the Japanese economy and global financial markets.