What's going on with Japan's government bond market?

SINGAPORE/HONG KONG, June 16 (Reuters) - Japan's government bond market is being pushed to breaking point in a contest between foreign speculators and the Bank of Japan, creating challenges for loan pricing and bond sales and raising the prospect of government financing tangles down the track.

Are market forces making Japan's bond market barely functional?

TOKYO, Jan 16 (Reuters) - Market forces have pushed Japanese government bond yields above policy targets. The moves are the biggest test in seven years of yield control in Japan, and dealers say the central bank's dominance of trading is making the market barely functional. Here is what is happening and what it means: WHAT IS JAPAN'S BOND MARKET?

Does Japan have a monopoly on the bond market?

Photographer: Kiyoshi Ota/Bloomberg The Bank of Japan is bringing an end to its near monopoly of control over the nation’s bond market. Japan’s central bank has tightly overseen the government debt market since it introduced yield-curve control in September 2016, with its ownership of outstanding bonds surpassing 50%.