Japan’s 10-year government bond yield was little changed around 3.09% on Monday, remaining near 30-year highs ahead of an extraordinary Diet session and a policy address from Prime Minister Sanae Takaichi. Japanese government bonds have faced persistent selling pressure since Takaichi’s election, as her administration’s ambitious spending plans and proposed tax cuts have raised concerns over the country’s worsening fiscal outlook. Investors also turned their attention to a series of economic reports due this week, including August wage growth, current account and household spending data, as well as September figures for consumer confidence and machine tool orders. Last week, a summary of opinions from the Bank of Japan’s September meeting indicated a stronger focus on preventing inflation from exceeding the central bank’s 2% target, suggesting another rate increase could come this year, though it offered little guidance on the timing ahead of policy decisions in October and December.