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Why Did Long-Term Interest Rates Surge to Their Highest Level in 29 Years? The Full Story Behind the Decline in Government Bond Prices, Which Is Not Solely Due to the Bank of Japan's Monetary Policy Normalization.
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Japan's long-term interest rates continue to rise significantly. The trigger was the Bank of Japan's normalization of monetary policy, but that's not the only reason for the current high levels. Economist Yukio Noguchi explains.
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