Yen, yields rise after BOJ's Ueda hints at end to negative rates

Central bank chief's remarks seen as stronger push against weakening currency

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Market watchers see BOJ Gov. Kazuo Ueda's recent comments as an effort to stem the yen's slide. (Photo by Yumi Kotani)

TOSHIHIRO SATO, Nikkei staff writer

TOKYO -- Japanese long-term interest rates and the yen moved higher on Monday after Bank of Japan Gov. Kazuo Ueda hinted at the possibility of ending the bank's negative interest rate policy.

The yield on newly issued 10-year Japanese government bonds rose to 0.705%, its highest since January 2014.

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