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Finance

As long-term rates jump, JGB holders poke BOJ for reaction

Tapering not expected, but market anxious about bank's red line

TOKYO -- Yields for long-dated Japanese government bonds jumped Thursday to highs not seen in four and a half months amid the global uptrend in interest rates fueled by expectations that central banks in the U.S. and Europe will start tightening monetary policies.

Unlike Western counterparts, the Bank of Japan is not signaling an exit from its unprecedented monetary easing program. But that did not stop investors from stepping up selling of their JGB holdings.

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