美媒：高市早苗经济刺激计划引发担忧，日本长期国债价格暴跌加剧

Core Viewpoint - Investors are increasingly concerned that the large-scale economic stimulus plan proposed by Japanese Prime Minister Fumio Kishida will harm Japan's public finances, leading to a further decline in long-term Japanese government bond prices [1][2] Group 1: Bond Market Reaction - The yield on Japan's 40-year government bonds rose by 8 basis points to 3.68%, marking the highest level since its issuance in 2007 [1] - Yields on Japan's 20-year and 30-year government bonds also increased by at least 4 basis points, with the 30-year yield nearing its historical peak [1][2] - On November 17, the Japanese bond market experienced widespread declines, with yields generally rising; the 20-year bond yield increased by 3.2 basis points to 2.748%, and the 30-year bond yield rose by 5 basis points to 3.263% [2] Group 2: Market Comparison - The sharp decline in Japanese long-term bond prices contrasts with slight decreases in yields for U.S. and Australian government bonds on the same day [2] - The Tokyo stock market also continued to decline, with the Nikkei 225 index falling by 0.10% on November 17 and experiencing a further drop of 3.3% on November 18 [2] Group 3: Investor Sentiment - A strategic researcher from Mitsubishi UFJ Morgan Stanley Securities indicated that bond purchases may remain limited until the government unveils its economic stimulus plan, which is scheduled for cabinet approval on November 21 [2]