In the bond market on the 17th, selling orders for government bonds swelled, and the long-term interest rate rose to 0.505%, exceeding the 0.5% limit set by the Bank of Japan for three consecutive business days.
There is also a view that the Bank of Japan will move to revise monetary easing measures at the monetary policy meeting held from the 17th, and upward pressure on interest rates is increasing in the market.
When Japanese government bonds are sold, their prices fall and interest rates rise. rose to 0.505%.
On the 20th of last month, the Bank of Japan revised its large-scale monetary easing measures and raised the upper limit of the fluctuation range of long-term interest rates to about 0.5%, but it is the third consecutive business day that long-term interest rates have exceeded this upper limit.
Long-term interest rates rose because of the view that the Bank of Japan will move to revise monetary easing measures at the monetary policy meeting held from the 17th, and there is a growing movement to sell government bonds in anticipation of interest rate rises. because
On the other hand, the Bank of Japan has continued to purchase unlimited 10-year government bonds at 0.5% to curb the rise in long-term interest rates, and the battle with the market is intensifying.