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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

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

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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