Falling long rates put BOJ on the spot

0928N BOJ

Markets expect some BOJ action on the 10-year yield at minus 0.1%.

TOKYO -- Japanese long-term interest rates continue to sink into negative territory after the Bank of Japan said last week that it aims to keep them around zero, raising the question of if and when the central bank will act to halt the slide.

The benchmark yield on newly issued 10-year Japanese government bonds dropped 1 basis point Wednesday to minus 0.09% -- the lowest since Aug. 24.

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