The normally sedate Japanese government bond (JGB) market has attracted global attention in recent weeks as a surge in yields sounded warnings for deeply indebted governments. Yields on super-long JGBs touched record levels last month,

The Bank of Japan is set to consider whether to taper its bond purchases at a slower pace while also leaving its benchmark interest rate unchanged, in a decision that will be closely scrutinized by the bond market.

The Bank of Japan decided Tuesday to further reduce its monthly government bond purchases beyond April next year, but at a slower pac