Japanese Bonds Fall as BOJ Trims Size of Its Purchases Thursday
- BOJ purchases raise concern it can't find enough securities
- Japan bonds return 5.8% over six months, versus 2.2% for U.S.
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Japan’s long-term bonds fell, sending the 40-year security to it s biggest decline in almost two weeks, after the central bank reduced the size of a buying operation on Thursday.
The Bank of Japan announced the cut when it entered the market to buy bonds Thursday amid concern its record purchases have been so large that it’s having trouble finding available securities. Demand for debt also waned after 30- and 40-year yields fell to records earlier this week.