TOKYO -- Japan's government debt market looks to tighten next fiscal year, with the Bank of Japan stepping up bond buying even as Tokyo cuts back on total issues.
The yield on newly issued 10-year Japanese government bonds hit 0.34% at one point Monday, the highest level since Oct. 1. Improved U.S. employment data released Friday heightened expectations that the Federal Reserve will hike interest rates in December, boosting yields both in the U.S. and Japan.
