The Bank of Japan last week decided to allow the yield on the 10-year government bond to move in a wider range.
The Bank of Japan last week decided to allow the yield on the 10-year government bond to move in a wider range.
The yield had already been inching upward. Now, banks and other lenders are responding with rate hikes of their own. That means higher costs for borrowers, including people with mortgages. Resona Bank has raised its prime interest rate on 10 year fixed-rate housing loans by 0.05 percentage point.
