BOJ Poised to Face Off With Bond Traders as Yields Near Limit

Japan’s government bond yields are edging toward the upper limit of the central bank’s tolerance level, setting the stage for it to intervene with the first unscheduled debt purchases in two years.

As the 10-year yield approaches the 0.25% mark, the Bank of Japan also has other bond-buying operations at its disposal in any bid to cap yields. It could boost scheduled purchases or buy an…

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