TOKYO, Sep 22 (News On Japan) - Long-term interest rates in Japan, which influence fixed mortgage rates, rose to their highest level in 17 years as the yield on 10-year government bonds briefly reached 1.665 percent in trading on September 22nd, the highest since 2008.
The rise was driven by speculation that an additional rate hike may be approaching, after two members of the Bank of Japan’s policy board proposed raising the policy rate at last week’s meeting.
Higher long-term interest rates are expected to push up fixed mortgage rates and also raise borrowing costs for companies.
Source: TBS















