TOKYO -- As the Bank of Japan pushes back against foreign speculators shorting government bonds, it is having to buy up almost all newly issued 10-year instruments to keep the benchmark yield within its target range, raising questions about the current easing policy.
Bonds
BOJ's buying power faces limits in fight against bond vigilantes
Central bank's ownership exceeded 100% of instruments issued
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BOJ Gov. Haruhiko Kuroda has pledged to maintain the yield curve control policy despite aggressive short selling by foreigners. © Kyodo
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