BOJ faces call to release handbrake, let longer yields rise
An increase to above one per cent in 20- and 30-year bond yields might spark investor buying
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Tokyo
THE Bank of Japan is caught in a quandary. To let bond yields rise or not.
Governor Haruhiko Kuroda wants to make longer-maturity debt more attractive by letting yields move higher, yet doing so will put pressure on his efforts to keep 10-year borrowing costs close to zero.
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