Amid a continued uptrend in long-term interest rates, the yield on newly issued 10-year Japanese government bonds briefly rose above the 3% mark, while the Bank of Japan is considering raising its policy rate at its 17-18 monetary policy meeting. Companies in the Chubu region are increasingly concerned about the rise in interest rates.
The yield on newly issued 10-year Japanese government bonds, a benchmark for long-term interest rates, rose briefly above the 3% mark to its highest level in about 30 years. The Bank of Japan is reportedly considering raising its policy rate at its monetary policy meeting on 17 and 18.
Companies in the Chubu region are concerned about the upward trend in interest rates, and some observers say future monetary policy could affect companies’ financing environment.