BOJ cornered as Japanese banks are running out of bonds to sell

Tokyo

JAPAN's biggest banks are running out of room to sell their government bond holdings, pushing the central bank closer to the limits of its record monetary easing.

Japan Post Bank Co and the nation's three so-called megabanks have almost halved their sovereign bond holdings to 114 trillion yen (S$1.47 trillion) since March 2013, a month befor…