Japan Bankers’ Lobby Chief: JGB Yields Could Rise Further

The lobby chief's remark matters less as a forecast than as a signal that Japan's banking sector is positioning for a higher-yield regime rather than treating recent moves as a blip. That matters for global rates and risk assets because JGB yields have long anchored the world's lowest-cost funding, and domestic institutions are the marginal buyers. Whether the upward pressure persists, and whether it stays orderly, is the open question.