Japan long-term interest rates surge amid BOJ tightening speculation

Long-term interest rates have surged recently in Japan on speculation that the Bank of Japan will further tighten monetary policy, raising the prospect of higher borrowing costs for households and companies.The yield on the benchmark 10-year Japanese government bond hit a 16-year high of 1.575 percent on March 10, but banks and other investors have become more cautious about buying the asset as they are unsure about how far the central bank plans to raise rates.The recent spike in the key barometer of long-term interest rates came after the BOJ hiked its key short-term rate to 0.5 percent f…READ FULL ARTICLE