Japan’s 10-year government bond yield was little changed at around 2.67% on Wednesday, holding steady despite hawkish signals from the Bank of Japan as investors also monitored progress in US-Iran peace negotiations. The Summary of Opinions from the BOJ’s June meeting showed that policymakers generally believed further interest rate increases were appropriate, citing underlying inflation’s gradual move toward the 2% target and still-accommodative financial conditions. Last week, the central bank raised its policy rate by 25 basis points to 1% in an effort to curb inflationary pressures and support the weakened yen. Meanwhile, progress in talks between Washington and Tehran have increased traffic through the Strait of Hormuz, easing strains in global energy markets and helping to reduce inflation concerns.