I’m going to go out on a limb here and say that maybe it’s because they’re buying up all the bonds.
The comments were out earlier on Bloomberg, who cite “people familiar with the matter”
- BOJ officials hope JGB yields move with economy, prices
- Officials concerned about yield spike as inflation rises
Japanese CPI numbers are due in the upcoming Asia-Pacific session.
10-year Japanese yields
Anyone who is willing to accept at 0.617% yield probably isn’t faced with many options.
