Japanese Bonds Fall After BOJ Plans Slower Cuts to Bond Buying

Japan’s government bonds fell on Tuesday, nudging yields higher, even after the central bank outlined plans to slow the tapering of its debt purchases in the wake of recent market turmoil.

The 10-year yield jumped as much as 3.5 basis points, while the 30- and 40-year yields — which last month rose to record highs — climbed by 3 basis points. The yen was little changed after fluctuating in a relatively tight range during trading in Tokyo.