Bonds
Their holdings at 40% of peak as rising rates depress purchases
The Bank of Japan will continue tapering its Japanese government bond purchases through April 2027. (Photo by Nanami Sato)
AYAKA NAGANAWA and SORA KITAJIMA
TOKYO — Japanese banks, once seen as candidates to replace the country’s central bank as major buyers of Japanese government bonds, have been slow to step in as rising long-term yields discourage purchases, leaving concerns about supply-demand imbalances.