Foreign investors lead Japan bond sell-off as yields near decade high

Shift in sentiment comes amid anticipation of BOJ policy move next week

20231027N Japan markets

Overseas investors sold $6 billion more in long-term Japanese bonds than they purchased in the week ending Oct. 21. © Reuters

TAKAHISA TAMURA, Nikkei staff writer

TOKYO -- Soaring yields are leading to a sell-off of Japanese government bonds, as foreign investors anticipate the Bank of Japan adjusting its monetary stance at next week's policy board meeting.

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