Japan 10-year yield rises, heads towards 1.0%

The yield on Japan's 10-year government bonds rose to 0.97% on Thursday, hitting its highest level in 11 weeks, despite disappointing trade data.

Japan 10-year yield rises, heads towards 1.0%

Data showed it swung into deficit in September due to an unexpected export drop and slowing import growth.

Bank of Japan's Seiji Adachi advocates cautious rate hikes amid economic uncertainty

On the monetary policy front, Bank of Japan board member Seiji Adachi said earlier this week that conditions were already in place to normalize monetary settings but stressed that the central bank needed to raise interest rates at a "very moderate" pace.

He warned that the BoJ must avoid a drastic policy shift, given the global economic outlook and uncertainties about domestic wage growth.