Press "Enter" to skip to content

Speculation on Bank of Japan’s Policy Adjustments Drives 10-Year Bond Yield to 11-Year High

Speculation about potential adjustments to the Bank of Japan’s monetary easing policy has driven the key long-term interest rate to its highest level in 11 years. On Wednesday, the yield on the 10-year government bond briefly reached 1 percent, impacting housing and corporate loan rates. This marks the third consecutive day of rising long-term interest rates. The bank’s decision in March to end its negative interest rate policy and large-scale bond purchases has fueled market anticipation of further policy changes, which likely led to the surge in bond yields.