In the bond market on the 6th, Japanese government bonds were sold, and long-term interest rates rose to 0.5% for the first time in about seven and a half years.
It will be the first time since the Bank of Japan raised the upper limit of the fluctuation range of long-term interest rates to about 0.5% last month.
When government bonds are sold, interest rates rise, but in the bond market on the 6th, Japanese government bonds were sold, and the yield on 10-year government bonds, which is a representative indicator of long-term interest rates, rose to 0.5%. did.
Long-term interest rates hit 0.5% for the first time in about seven and a half years since July 2015.
On the 20th of last month, the Bank of Japan decided to revise the current large-scale monetary easing measures and raise the upper limit of the fluctuation range of long-term interest rates from about 0.25% to about 0.5%.
It is the first time since the Bank of Japan revised its policy that long-term rates hit a new upper limit.
A market insider said, "Last month's policy revisions by BOJ Governor Kuroda emphasized that they were not raising interest rates or tightening monetary policy, but the market sees them as de facto monetary tightening. There is also a view that it may move toward the future, and the movement to sell Japanese government bonds is increasing."