Rising bond yields put pressure on BOJ's taper plan

Japan bond market 'whale' navigates choppy waters around cutting purchases

BOJ Gov. Kazuo Ueda says the central bank is closely monitoring the bond market in cooperation with the government. (Photo by Nanami Sato)

TOKYO -- How long will the Bank of Japan's pare-down of Japanese government bond purchases last? That is the question hanging over the market as long-term yields climb, with the answer possibly affecting Tokyo's stance on future BOJ rate hikes.