The yield on 10-year authorities bonds, a key indicator for mounted mortgage charges, closed at 0.980% on May 21, approaching 1% for the primary time in about 11 years.

Experts counsel that the market is anticipating a further price hike by the Bank of Japan.

Hirokazu Kabeya, Head of Equity Research at Daiwa Securities, famous, ‘The yen has been weakening once more. The market believes that the Bank of Japan would possibly regulate its future financial coverage with this in thoughts, and this anticipation is mirrored within the barely increased market-determined rates of interest.’

Source: ANN