Japan's government bond yields have experienced a consistent upward trend in recent days. The 10-year Japanese government bond (JGB) yield rose by 1.5 basis points to 1.515% initially and further increased to 1.55% by August 14, marking its fourth consecutive rise. The 5-year JGB yield also climbed, closing at 1.1% with a 3.5 basis point increase. The 2-year bond yield edged up by 1 basis point to 0.78%, while the 30-year bond yield rose slightly by 0.5 basis points to 3.095%. The 20-year JGB yield remained steady at 2.52%. The rise in yields comes amid pressure on the Bank of Japan (BOJ) as hawkish board members advocate prioritizing headline inflation over wage-linked metrics, challenging Governor Ueda's more cautious approach. Meanwhile, in the United States, the gap between 2-year and 30-year Treasury yields has widened to the largest in three years, with the 2-year yield increasing from 3.66% to 3.70%. In Germany, bond yields showed minor changes with the 2-year yield nearly unchanged at 1.9337% and the 10-year yield rising slightly by 0.5 basis points to 2.6828% following US Producer Price Index data.