The long-term interest rate rose to 0.21% on the 8th, the highest level in about 6 years.
The Bank of Japan has stated in its monetary policy that it will adjust long-term interest rates to a fluctuation range of "plus or minus 0.25%", but it is gradually approaching the upper limit.
In the bond market on the 8th, there was a movement to sell Japanese government bonds, and the yield of 10-year government bonds, which is a representative indicator of long-term interest rates, temporarily increased from 0.2% on the evening of the 7th to 0.21%. It has risen.
Government bonds are sold in the market and interest rates rise when prices fall, and long-term interest rates have remained at the highest level in about six years since January 29, 2016, when the Bank of Japan decided to introduce a negative interest rate policy. I am.
Market officials said, "Following the United States, the central banks of the United Kingdom and Europe are also increasingly looking to curb inflation, and long-term interest rates have risen in Europe and the United States. Long-term interest rates will not rise in Japan in the future. The speculation led to the move to sell government bonds. "
Regarding long-term interest rates, the Bank of Japan says that it will adjust to stay at around 0% in its monetary policy, and the fluctuation range is "plus or minus 0.25%", but it is gradually approaching the upper limit.