Japanese government bonds were sold in the bond market on the 17th, and long-term interest rates temporarily rose to 0.265%.
The Bank of Japan has set the upper limit of long-term interest rates at "about 0.25%", but before the announcement of the contents of the monetary policy decision meeting, there is growing speculation that the Bank of Japan will move to revise monetary easing.
The Bank of Japan is planning to adjust the yield of 10-year government bonds, which is a representative indicator of long-term interest rates, to a fluctuation range of "plus or minus 0.25%" in the current large-scale monetary easing policy. ..
Interest rates on government bonds rise when they are sold, but in the bond market on the 17th, sales of Japanese government bonds increased in the morning, and long-term interest rates temporarily rose to 0.265%.
This is the first level in 6 years and 5 months since January 2016.
The Bank of Japan is also easing monetary policy before the contents of the monetary policy decision meeting on the 17th are announced among some investors in response to the accelerating movement of monetary tightening at central banks in Europe and the United States. The speculation that it might move to correction became stronger, which led to the sale of Japanese government bonds.
However, the Bank of Japan has set a yield of 0.25%, and in principle, implements a "limit operation" to buy unlimited government bonds every day, making it clear that it will curb the rise in long-term interest rates.
The Bank of Japan held a limit operation on the 17th, after which long-term interest rates fell to 0.25%.