TOKYO -- The Bank of Japan's attempts to deter short-selling of Japanese government bonds are producing both intended and unintended effects, forcing speculators to close out their positions while potentially further eroding market functions.
Bank of Japan
BOJ's move to curb bond short-selling is working, with side effects
Brokerages have hard time procuring bonds as supply dries up
The BOJ is trying to curb short-selling of government bonds as it faces difficulty in maintaining its yield curve control. © Reuters
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