Japan's ultralong bond yields of 3% may be 'just a passing milestone'

Market players look to BOJ for support as buyers dwindle

20250515N BOJ

The Japanese flag flies over the Bank of Japan. With institutional investors shying away from Japanese government bonds, the central bank may be the buyer of last resort. (Photo by Miki Kamiyama)

GENKI IKUTA

TOKYO -- The market dynamics for Japan's ultralong-term bonds have deteriorated sharply as the number of buyers continues to shrink.

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