Bond market Decline in long-term interest rates Received announcement of the BOJ's "continuous limit operation"

After the Bank of Japan's monetary policy meeting, long-term interest rates fell in the domestic bond market.

This is because the Bank of Japan has made clear its stance to curb the rise in long-term interest rates through strong measures.

At this monetary policy meeting, the Bank of Japan decided to set a yield of 0.25% in advance and to carry out a "continuous limit operation" to purchase government bonds continuously and unlimitedly every day in principle.

In effect, we have clarified our stance to curb the rise in long-term interest rates through a powerful measure to raise the upper limit of long-term interest rates to 0.25%.

As a result, the domestic bond market has become more active in buying government bonds.

Long-term interest rates fall when government bonds are bought in the market, so the yield on 10-year government bonds, which is a representative indicator of long-term interest rates, was 0.215% in the afternoon transaction, down 0.025% from the 27th.

Market officials said, "The announcement by the Bank of Japan that continuous limit operations will be carried out every day was surprisingly accepted, leading to a decline in long-term interest rates."