The yield on Japan’s 20-year government bond rose to 0.46% on July 2, its highest level since March 2019. That compares with 0.28% at the end of 2019.
The Bank of Japan indicated on June 30 that it planned to increase buying of Japanese government bonds with maturities of up to 10 years in July, but its monthly plan suggested it will maintain the size of its buying in superlong bonds.
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