Bank of Japan governor Haruhiko Kuroda listens to a question during a press conference in Tokyo on July 31, 2018. Japan's central bank revised down inflation forecasts on July 31, making only minor tweaks to a monetary policy that has so far fallen short of lifting prices and boosting the world's third-largest economy. / AFP PHOTO / Behrouz MEHRIBEHROUZ MEHRI/AFP/Getty Images
Haruhiko Kuroda, BoJ governor, said the decision would 'counter speculation . . . that the bank is heading towards an early exit or an increase in rates' © AFP

Japanese government bonds remained unsettled on Thursday following sharp moves in the previous session following the Bank of Japan's policy tweaks earlier this week. 

The yield, which moves inversely to price, on 10-year Japanese government bonds rose as much as 2 basis points to a fresh 18-month high of 0.145 per cent before pulling back to around 0.13 per cent after the central bank offered to buy ¥400bn ($3.58bn) in sovereign bonds.

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Japanese 10-year bond yields had their biggest one-day jump in two years on Wednesday a day after the BoJ tweaked its vast quantitative easing programme.

Meanwhile the yield on the 10-year US Treasury was almost 1bp lower at 2.9952 per cent after rising above 3 per cent on Wednesday.

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