According to CoinMeta, Miyajima, an economist at Sony Financial Group, stated that Japan's nominal GDP growth rate is currently around 3%, which is relatively stable. This may support the yield of 10-year Japanese government bonds to break above 3%. Miyajima predicts that the yield of benchmark 10-year Japanese government bonds will fluctuate around 3% in the short term. However, even if the yield of 10-year bonds breaks above 3%, it is unlikely to remain at this level for a long time, as the Japanese economy is expected to slow down later this year. He added that since the market expects the Bank of Japan to raise interest rates in the near future, concerns about the Bank of Japan being lagging behind on inflation issues are easing, which should also help limit the upside potential for long-term yields.