日本央行：日本国债市场功能呈改善趋势

Group 1 - The Bank of Japan indicates an improving trend in the functionality of the Japanese government bond market due to a reduction in bond purchases [1] - Some market participants express concerns about the diminishing liquidity in the ultra-long-term Japanese government bond market, leading to distortions between ultra-long-term yields and yields of other maturities [1] - There are mixed opinions among participants regarding the pace of bond purchase reductions, with some advocating for a faster reduction starting from the fiscal year 2026, while others suggest maintaining or slowing down the reduction pace [1]