[Japan's 2-Year Government Bond Yield Approaching Critical 2% Threshold] According to a report by Jinse Finance, on September 29, Japan's 2-year government bond yield is gradually approaching the critical 2% level, a threshold not seen in 30 years. This indicates that the market believes Japan's economy is steadily moving toward an inflationary path, and the Bank of Japan may even need to raise interest rates to restrictive levels. As the maturity most sensitive to the Bank of Japan's interest rate policy, the 2-year Japanese government bond yield has doubled over the past 12 months and is more than six times higher than the same period in 2024. The timing of the Bank of Japan's next rate hike may depend on the Tankan survey to be released this Thursday, which reflects the confidence levels of Japan's large manufacturing enterprises. Mizuho Financial Group stated: "If this week's Tankan survey shows strong corporate capital investment, the case for the Bank of Japan to raise rates in October could be further strengthened."