TOKYO -- The Bank of Japan's yield curve control policy has wreaked havoc over the country's bond market, from drying up the supply of 10-year government bonds to interfering with the issuance of corporate debt.
Central bank's unprecedented easing faces its limits

Bank of Japan Gov. Haruhiko Kuroda framed the central bank's expanded lending program as a tool to help correct the yield curve. (Pool photo)
TOKYO -- The Bank of Japan's yield curve control policy has wreaked havoc over the country's bond market, from drying up the supply of 10-year government bonds to interfering with the issuance of corporate debt.