Japanese government bond yields hit new highs, "three-way sell-off" in stocks, bonds, and yen tests Bank of Japan's decision-making

This means that Japanese government bonds have experienced heavy sell-offs and their prices have plunged. Market analysis suggests that the latest round of Japanese government bond sell-offs is mainly due to concerns about the sustainability of domestic debt and spillover pressures on Japanese bonds from the strong performance of the US economy. In addition, with rising oil prices driven by tensions in the Middle East and the risk of inflation potentially shifting from a short-term shock to a long-term trend, some members of the Bank of Japan's policy board have called for interest rate hikes, further intensifying the sell-off of Japanese government bonds. It is worth noting that at the same time, the sell-off pressure in major global bond markets has also intensified.