Reuters carried the piece on the Bank of Japan yesterday:
- The Bank of Japan is following through on its pledge in July to allow bond yields to move more flexibly, refraining from intervening in the market on Thursday even as long-term interest rates tracked U.S. Treasury yields to hit multi-year highs.
- seen tolerating further rises in super-long yields as long as the increase does not push 10-year yields well above its zero percent target, say sources familiar with its thinking
