tokyo jan 14 reuters  japans 10year government bond yields hit a nearly oneyear high as investors became cautious about possible rate hikes by the countrys central bank reuters reported bank of japan policymakers are debating how soon they can start telegraphing an eventual interest rate hike which could come even before inflation hits the banks 2 target read more the market has reacted to the report which suggested possible normalization of the monetary policy of the bank of japan said makoto suzuki senior bond strategist at okasan securities the 10year jgb yield rose 25 basis points bps to 0150 after touching 0156 earlier its highest since march 2021 the 20year jgb yield rose 25 bps to 0530 the 30year jgb yield gained 15 bps to 0720 the 40year jgb yield rose 1 basis point to 0755 yields on shorterended bonds also gained with the twoyear jgb yield rising one basis point to minus 0075 and the fiveyear yield jumping 25 bps to minus 0015 benchmark 10year jgb futures fell 040 point to 15066 with a trading volume of 24241 lots