The long-term interest rate temporarily rose to 0.24% on the 11th, approaching the upper limit of the fluctuation range of long-term interest rates indicated by the Bank of Japan again.
In the bond market on the 11th, Japanese government bonds were sold, and the yield of 10-year government bonds, which is a representative indicator of long-term interest rates, rose from 0.225% at the evening of last weekend to 0.24% at one point. ..
Interest rates will rise when government bonds are sold in the market and prices fall, but long-term interest rates in the United States will rise against the backdrop of heightened concerns about inflation due to additional sanctions on Russia such as Europe and the United States. The view that long-term interest rates will rise to a certain extent has spread, and government bonds have been sold.
In the current monetary policy, the Bank of Japan plans to adjust long-term interest rates so that they will fluctuate within a fluctuation range of "plus or minus 0.25%."
When long-term interest rates rose late last month, the Bank of Japan took steps called a "continuous limit operation" to buy unlimited government bonds at a specified yield for a certain period of time.
At this time, the depreciation of the yen was accelerating with a strong awareness of the widening interest rate differential between Japan and the United States, and as long-term interest rates approached the upper limit of the fluctuation range again, the BOJ was interested in whether to carry out a limit operation again. I am.