Five-year Japanese bond yield hits lowest since November 2017

The yield on the five-year Japanese government bonds fell to -0.139 percent - the lowest level since November 2017. Further, the 10-year yield fell to 0.024 percent earlier today, a level last seen on May 27. 

The downward pressure on the yields could force the Bank of Japan (BOJ) to trim its bond purchases, so as to keep benchmark 10-year yields in a range around zero percent in its yield-curve-control policy introduced in September 2016.