Japan’s 10-year government bond yield climbed to around 3.12% on Tuesday, staying close to its highest level in three decades as Prime Minister Sanae Takaichi continued to pursue fiscal expansion despite concerns over a weak yen and elevated bond yields. Speaking to parliament, Takaichi pledged to lower the consumption tax on food and promote domestic investment while assuring markets that the government would fund the measures without issuing new bonds. Investors are also awaiting a series of economic indicators this week, including August figures for wages, the current account and household spending, as well as September data on consumer confidence and machine tool orders. Meanwhile, minutes from the Bank of Japan’s September meeting showed policymakers placing greater emphasis on containing inflation above the central bank’s 2% target. The discussion kept expectations for another rate hike this year alive, although officials provided limited guidance on the timing.