Japan's Corporate Goods Price Index rose 7.6% year-on-year in August, above the 7.4% market forecast and close to July's revised 7.7% increase, while the yen-based Import Price Index climbed 24.8% year-on-year. The newly issued 10-year Japanese government bond yield briefly reached 3.000% on September 11, up 0.090 percentage points from the previous close and returning to the 3% range for the first time since September 2. Higher U.S. long-term yields, concerns about U.S. fiscal spending after President Trump's proposed $5,000 payment to every adult American if Republicans win control of both congressional chambers, rising crude oil prices amid the intensifying U.S.-Iran conflict, and persistent concerns over Japan's fiscal position pressured Japanese bonds. Stronger manufacturer sentiment, elevated producer prices and hawkish Bank of Japan communication have led markets to nearly fully price a policy-rate increase to 1.25% at the next meeting; Reuters-polled analysts expect rates to reach 1.75% in the second quarter of 2027.