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Remembering Harley: Graveside memorial service honours homeless Hantsport man’s life | SaltWireTOKYO - Japan's 10-year government bond yield touched a new decade-high on Wednesday on speculation that the Bank of Japan may raise its cap for the benchmark yield.
A recent surge in global interest rates is heightening pressure on the BOJ to raise the existing cap on the 10-year bond yield at its policy meeting next week. "When Kuroda was the governor, they conducted relentless bond buying to contain elevated yields. But according to what media has reported, the current administration is trying to raise the ceiling so that the BOJ can reduce the bond-buying amounts."
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