21世紀のポップアイコンである7人組グループのBTS。兵役を終えたメンバーたちが

Scientific Reports - Molecular organization of recombinant human-Arabidopsis chromosomes in hybrid cell lines

The Jinja of Blood: Of Shadows and Lost Souls is the exciting new fantasy novel by Vivian Bell. Photo: Amazon The Jinja of Blood: Of Shadows and Lost Souls (Book 1) By Vivian Bell An ancient jinja …

A different kind of retrospective. Instead of a chronological list, I explore the themes, systems, and impact matrices that defined 2025 and architect the outlook for 2026.

Japan’s 10-year government bond yield reached roughly 2.075% by Dec. 30, 2025, marking its steepest annual increase since 1994. The move matters because rising sovereign yields raise state borrowing costs and influence everything from mortgage rates to currency stability in the world’s most indebted advanced economy. Concrete market drivers The increase coincides with reduced bond purchases by the Bank of Japan (BOJ), sustained inflation pressures, and fiscal concerns under Prime Minister Sanae Takaichi. The BOJ’s policy rate stands at 0.75%, its highest level in nearly three decades. When central banks step back from bond buying, private investors demand higher yields to absorb increased issuance. Who is affected and how Higher yields lift financing costs for banks, insurers, and corporations that price loans off government benchmarks. For the Japanese government, even modest increases materially affect debt-servicing expenses due to the sheer volume of outstanding bonds. Internationally, higher domestic yields can redirect capital away from foreign bonds, subtly pressuring global rates. Historical context Japan spent decades suppressing yields through aggressive monetary intervention. This shift marks a structural break from ultra-low-rate policy, with long-term implications for pension funding, fiscal flexibility, and exchange-rate management. What happens next Future yield direction will depend on wage growth, inflation persistence, and how far the BOJ is willing to normalize policy in 2026. Is monetary tightening or fiscal stress the bigger long-term risk?

The drills come amid Chinese anger at U.S. arms sales to the self-ruling island and a statement by Japan’s prime minister that its military could get involved if China were to move against it.