In the bond market on the 21st, selling orders for government bonds swelled, and long-term interest rates temporarily rose to 0.505%, exceeding the 0.5% upper limit of fluctuation range set by the Bank of Japan for the first time in about a month.
Speculation that the Bank of Japan will move to revise its monetary easing measures under the new governor is increasing pressure on interest rates.
When Japanese government bonds are sold, their prices fall and interest rates rise. , rose to 0.505% at one point.
In December last year, 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 this upper limit was exceeded for the first time in about a month since the 18th of last month. .
In the bond market, speculation that the Bank of Japan will move to revise its monetary easing measures under the new governor has strengthened the movement to sell government bonds in anticipation of a rise in interest rates.
A market insider said, "Kazuo Ueda, the candidate for the new governor of the Bank of Japan, is scheduled to hear his opinion on the 24th of this month. What kind of stance will he take against the current monetary easing measures, which have been pointed out to have side effects? There is a lot of attention paid to what he said,” he said.