The long-term interest rate, which is also a guideline for mortgage interest rates, has risen further to 0.17%.
This is the first level in 5 years and 1 month since January 29, 2016, when the Bank of Japan decided to introduce a negative interest rate policy.
Behind the scenes
is the growing expectation that the US will recover due to
additional economic measures that involve huge fiscal stimulus and
the spread of vaccination against the new coronavirus.
As a result, long-term interest rates in the United States are rising at a rapid pace, and long-term interest rates are likely to rise in Japan as well, market officials point out.