• The Bank of Japan’s resolve to cap the rise in 10-year yields — seen in unlimited purchase operations Monday and Tuesday — has increased investor focus on its plans for longer-dated maturities. | BLOOMBERG
    The Bank of Japan’s resolve to cap the rise in 10-year yields — seen in unlimited purchase operations Monday and Tuesday — has increased investor focus on its plans for longer-dated maturities. | BLOOMBERG
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The Bank of Japan’s extraordinary bond market intervention this week has magnified the spotlight on its quarterly asset purchase plan due Thursday.

The central bank’s resolve to cap the rise in 10-year yields — seen in unlimited purchase operations Monday and Tuesday — has increased investor focus on its plans for longer-dated maturities. They lie outside the BOJ’s yield-curve control policy and remain particularly vulnerable to volatility in the global bond market.

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