Japan's 10-year government bond yield rose to 2.83%, or 2.815% in earlier reporting, reaching its highest level since 1996 and described as a 30-year high. The move pushed Japanese sovereign borrowing costs to a multi-decade high as investors worried that the government's draft economic blueprint could weaken fiscal reform commitments and lean on the Bank of Japan to keep interest rates low. Economy Minister Minoru Kiuchi said that interpretation was a misunderstanding and said the government remained committed to fiscal discipline.