Japan Bonds Hit a Twenty-Nine Year High as Iran Ceasefire Hanging by a Thread

Headline news for May 12, 2026: President Trump calls the Iran ceasefire on life support and dismisses Tehran’s peace proposal as a piece of garbage as the two sides remain deadlocked. Japan’s bond yields hit their highest level since nineteen-ninety-seven as the Bank of Japan faces growing pressure to raise rates. 

Synopsis: A round up of global headlines to start your day by The Business Times. 

Written by: Claressa Monteiro (claremb@sph.com.sg (mailto:claremb@sph.com.sg) ) 

Produced and edited by: Claressa Monteiro or Howie Lim

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