Long-term interest rates rose to 0.24% on the 25th.
This is the highest level in about 6 years and 2 months since January 2016, before the Bank of Japan decided to introduce a negative interest rate policy.
Japanese government bonds were sold in the bond market on the 25th, and the yield of 10-year government bonds, which is a representative indicator of long-term interest rates, rose from 0.23% as of the evening of the 24th to 0.24% at one point.
This is the highest level in about 6 years and 2 months since January 15, 2016, before the Bank of Japan decided to introduce a negative interest rate policy.
Interest rates will rise when government bonds are sold in the market and prices fall, but from the observation that the pace of interest rate hikes in the United States will accelerate, long-term interest rates in the United States will rise, and long-term interest rates will rise to some extent in Japan as well. It is a form in which government bonds are sold as the view of doing so spreads.
On the other hand, the Bank of Japan has stated in its monetary policy that it will adjust long-term interest rates so that it will fluctuate within a fluctuation range of "plus or minus 0.25%". We have implemented a measure called a "limit operation" to buy unlimited government bonds.
However, the Bank of Japan did not carry out a limit operation on the 25th when long-term interest rates approached the upper limit again.