Japan's government bond yields just hit all-time highs. The catalyst? A significant policy pivot. After calling for a snap election, officials are signaling a commitment to increased government spending paired with tax cuts—a classic stimulus playbook. This shift is reshaping market expectations around Japan's monetary and fiscal trajectory. Traders are closely watching how these policy signals translate into actual implementation, especially given the broader implications for global interest rate dynamics. The move reflects changing political priorities and could have ripple effects across Asian markets and beyond. For investors tracking currency movements, bond markets, and inflation expectations, Japan's yield environment just became a key data point to monitor.