Japan’s long-term bond rate has risen above 3% for the first time in 30 years, prompting Prime Minister Sanae Takaichi to say the government will make timely economic and fiscal policy judgments after assessing interest-rate movements and other conditions. Takaichi declined to comment on the rate outlook, warning that specific remarks could have unintended effects. She said rates are determined by markets under the influence of multiple factors, including policy conditions in other countries. To maintain market confidence, she pledged to address necessary fiscal needs while balancing a strong economy with fiscal sustainability. She also said the government would push budget-making reforms in line with the Basic Policy on Economic and Fiscal Management and Reform adopted in July.