Internet reports that JPMorgan Chase Securities raised its year-end forecast for Japan's benchmark 10-year bond yield to 1.7% from 1.55% at the end of January, believing that U.S. policies may bring various risks. The Bank of Japan is forecast to raise interest rates in June and December, but possible U.S. actions may complicate the situation; if tariffs put pressure on global economic growth, they may prevent the Bank of Japan from raising interest rates, but if Japan is accused of devaluing the yen, it may rush to raise interest rates, Takashi Yamawaki Yamamoto, head of fixed income research, wrote in a March 10 report. The correlation between ultra-long-term Japanese government bond yields and the Bank of Japan's policy interest rate may disappear; after the Bank of Japan raises interest rates above 1%, long-term government bond yields may fluctuate sideways. JPMorgan also raised its year-end forecast for 20-year and 30-year Japanese government bond yields to 2.35% and 2.65% from 2.15% and 2.40% respectively.