TOKYO, June 29 (Reuters) - Japanese government bond (JGB)
yields rose on Monday as concerns over inflation intensified
after local media reported the government may push the Bank of
Japan to align its decisions with Prime Minister Sanae
Takaichi's pro-growth economic agenda.
Here are a few details:
* The benchmark 10-year JGB yield rose 5
basis points (bps) to 2.645%. Yields move inversely to bond
prices.
* The 20-year JGB yield climbed 5.5 bps to
3.565%. The 30-year yield added 6 bps to 3.855%.
* The government is expected to address the importance of
the "appropriate monetary policy" in its basic policy framework
for economic and fiscal management to be released next month,
Kyodo News reported over the weekend.
* The move is aimed at reining in the central bank's
willingness to keep raising interest rates, the report said.
* "This has raised concerns that the BOJ will be behind in
raising interest rates to cope with inflation," said Yuki
Kimura, a bond strategist at Okasan Securities.
* Japan's government will aim to entrench annual real
economic growth of more than 1%, Reuters reported on Monday,
citing the draft of the basic policy framework for economic and
fiscal management.
* Japan's average real growth rate over the last five years
was 0.4%.