[Japan's 2-Year Government Bond Yield Approaches 2% as BOJ Rate Hike Bets Intensify] BlockBeats News, September 28: As investors increase their bets on further rate hikes by the Bank of Japan (BOJ), Japan's 2-year government bond yield is nearing the critical 2% threshold. The yield on Japan's 2-year government bonds, which is particularly sensitive to monetary policy expectations, rose by 4 basis points to 1.975% on Monday, marking a new high since 1995. Other maturities of Japanese government bonds are also under pressure, with the 5-year bond yield rising 3 basis points to 2.43%. In a report, SMBC Nikko Securities strategists, including Chuu Okumura, wrote that as both domestic and international policymakers increasingly focus on the yen's weakness, trades betting on the BOJ accelerating policy tightening are gradually heating up. They noted that fiscal expansion by major economies and rising commodity prices could further strengthen market expectations that Japan will eventually need to tighten monetary policy to curb inflation.