[Economic column]
2023-08-27 00:05:00
Long-term interest rates in Japan continue to rise steadily. How high will it rise? In late July, after the Bank of Japan made YCC (Yield Curve Control), which is the operation of long-term and short-term interest rates, long-term interest rates, which had been suppressed until now, began to move toward new levels. On August 23, it hit 0.675% for the first time in nine years and seven months. Long-term interest rates that also affect mortgage rates and corporate loan rates. What is the scenario drawn up by the Bank of Japan going forward? (Economics Department reporter Kentaro Makata)
