Long-term interest rate rise to 0.17%, the first level in 5 years and 1 month

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.