Japan's 30-year government bond yield has surged to a record high of 3.43%. This sharp increase comes amid reports that the Bank of Japan is considering raising interest rates, creating a complex economic backdrop shortly after the finalization of a $135 billion stimulus package. The divergence between monetary tightening considerations and continued fiscal stimulus has drawn attention to potential stresses in the Japanese bond market. Traders are monitoring these developments closely as changes in Japanese yields often have ripple effects on global liquidity.