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Yield swings for five-year Japanese government bonds shot to record levels Monday, a day before an auction, after Bank of Japan Gov. Haruhiko Kuroda chose to leapfrog across notes and focus new purchases on longer debt.

Ten-day volatility in the yields soared to 434 percent Monday, 11 days after Kuroda announced a doubling of bond buying to get 2 percent inflation in two years.

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