"Buyer strike" in Japanese bond market sounds alarm for Bank of Japan to reduce bond purchases

The Wisdom Financial APP learned that the Japanese sovereign debt market is issuing a warning to the central bank: shrinking bond purchases needs to be done cautiously. This issue has become particularly prominent this week - investors are avoiding Japanese government bond auctions, yields are soaring, and at the same time, market participants are exchanging opinions with officials from the Bank of Japan (BOJ) on reducing bond purchases. Japanese Prime Minister Shizo Abe's comparison of Japan's fiscal situation to Greece's highlights the importance of avoiding fiscal and monetary policy mistakes.