The Bank of Japan's JGB purchases hit their lowest since 2013 as its balance sheet shrinks by 94.3 trillion yen, pushing yields to 27-year highs.

Japan's five-year JGB auction logged a bid-to-cover ratio of 3.11, the weakest since February, as yen weakness and BOJ rate-hike fears weigh on

The Bank of Japan's JGB purchases hit their lowest since 2013 as its balance sheet shrinks by 94.3 trillion yen, pushing yields to 27-year highs.

Japan's Ministry of Finance says it is not considering buying back government bonds, even as the Bank of Japan reduces its monthly JGB purchases