Bonds

Japan's top banks bide time on bonds, with eye on BOJ

Mizuho, Sumitomo Mitsui and others watch for possible end to yield curve control

20230302N japan bank notes

Investors are starting to see Japanese government bonds in a more positive light. (Photo by Masaru Shioyama)

HARUKI KITAGAWA, TAIZO WADA and SHIORI GOSO, Nikkei staff writers
March 5, 2023 00:02 JST

TOKYO -- Japan's leading financial institutions are waiting for the right time to boost investment in Japanese government bonds amid speculation that interest rates may rise under a new central bank chief.

Banks had shied away from buying JGBs in recent years as the Bank of Japan crushed long-term interest rates to near zero under Gov. Haruhiko Kuroda.

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