Japanese government bonds recovered slightly on Friday, after a volatile week that saw fiscal and inflation concerns drive super-long yields to record highs.

After a week of rapid increases, yields on Japan’s 30- and 40-year government bonds dropped more than 10 basis points in late trading on Friday.

Japanese bond yields surged after BoJ's Noguchi downplayed intervention needs, triggering concerns amid rising inflation, weak auctions, and political uncertainty. Global ripple effects, including on U.