Japanese bond markets experienced a significant downturn as a recent government debt auction saw the weakest demand in over a decade, according to Bloomberg News on Tuesday.
This signals investor apprehension about the central bank's reduced presence, said the news wire.
This slump pushed 20-year yields to their highest since 2000, while 30-year and 40-year yields also reached multi-year or record highs, added the report.
The surge underscores concerns about Japan's substantial debt burden and the absence of key domestic buyers to offset the Bank of Japan's scaled-back bond purchases, the report said.
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