Japan is reportedly planning to double its defense spending to 3.5% of GDP, a claim denied by the Ministry of Defense, while Japanese bond yields still hit a 30-year high.
On Tuesday, the 25th local time, news broke that Japan was considering a significant increase in its medium-term defense spending target, causing further volatility in the already pressured Japanese government bond market. Market concerns about the sustainability of Japan's fiscal policy intensified sharply, and the long-term interest rate