The BOJ decided to raise rates by 0.25%, bringing the policy rate to 1.25%, its highest level in 31 years. Amid rising concern, variable-rate mortgages are still considered advantageous, prompting discussion over whether borrowers should switch to fixed rates.
At its September monetary policy meeting, the Bank of Japan decided to raise rates by 0.25%, bringing the policy rate to 1.25%. This represents the highest level in the past 31 years.
Since negative interest rates were lifted in March 2024, Japanese interest rates are said to have been on an upward trend over just two and a half years.
Regarding housing loans, the article describes views that variable-rate loans remain advantageous, while also discussing whether borrowers should switch to fixed rates amid concern over rising interest rates. It also refers to a headline stating that “eight rate hikes are needed to catch up.”