Bond buying cuts carve out investing opportunity

Deft moves: A security officer patrols the BoJ headquarters in Tokyo. The central bank has said that it will reduce its debt purchases every quarter through March 2026 after abandoning its policy of yield-curve control. — AFP

TOKYO: As the Bank of Japan (BoJ) slows debt purchases, local investors are doing just the opposite, limiting upward pressure on bond yields.

Private investors in the Asian nation bought a net 32.2 trillion yen of Japanese government notes in the 12 months through August, Bloomberg analysis of BoJ data showed.