1. Increasing the yield on one’s national debt itself is a sign of monetary tightening, which will of course have a relatively large impact on the exchange rate trend of the yen and the Japanese stock market
2. The price of national debt and Yields have an inverse relationship, while Treasury bond futures prices are positively correlated with Treasury bond spot prices, so a fall in Treasury bond futures prices means an increase in Treasury bond yields. The rise in government bond yields means an increase in financing costs at an economic level.