Japanese bond yields are heading back to 0%

The yield on 10-year Japanese Government Bonds (JGBs) is near 0.023%, and the Bank of Japan (BoJ) will be pleased, with their target for the yield under curve control is supposed to be as close to 0.0% as they can get it.

In January Japanese bond yields threaten togo over 0.1%, and the BoJ was forced to step into the bond market and dedicate to purchasing an unlimited amount in order to keep the yield low. The BoJ now accounts for around 75% of the market in JGBs.