[Japan's Two-Year Government Bond Yield Rises to 1%, Hits Highest Level Since 2008] BlockBeats news, December 1, according to The Japan Times, Japan's two-year government bond yield rose to 1%, reaching its highest level since 2008, indicating market expectations that the Bank of Japan (BOJ) is about to raise interest rates. The five-year and ten-year yields rose to 1.35% and 1.845%, respectively, while the yen appreciated 0.4% against the dollar to 155.49 at one point. BOJ Governor Kazuo Ueda stated that the pros and cons of raising interest rates will be weighed, and decisions will be made at an appropriate time. The market expects a 76% probability of a BOJ rate hike at the December 19 meeting, rising to over 90% for the January meeting. Meanwhile, Japan's Ministry of Finance plans to issue additional short-term government bonds to support Prime Minister Sanae Takaichi's economic stimulus plan, which is expected to exert downward pressure on short-term government bonds.