Skip to content
Subscriber Only

A Month on, BOJ's Tweaks Prove Too Little for Moribund Bonds

  • Benchmark yield closed at 0.095% for a fifth day on Tuesday
  • Market still trying to gauge reason for BOJ’s changes: Nissay
BOJ Headquarters and Governor Haruhiko Kuroda News Conference as Bank Holds Interest Rates
Photographer: Kiyoshi Ota/Bloomberg
Updated on

Japan’s benchmark bonds recorded no trades on Wednesday, less than a month after the central bank sought to enliven the world’s second-biggest debt market by relaxing yield control.

That’s the seventh instance this year when the debt didn’t change hands, though the first since July 31 when the Bank of Japan said it will allow the 10-year yield to deviate by as much as 0.2 percentage points around zero percent. The yield rose one basis point early Thursday to 0.105 percent.