No bonds are bound by market rates that the central bank doesn’t allow. For rates to go up prices must come down, and the central bank can QE at any price to s

No bonds are bound by market rates that the central bank doesn’t allow. For rates to go up prices must come down, and the central bank can QE at any price to stop that happening whenever it feels like it. Carry on betting against Japan though if you believe otherwise. The widow maker trade has taken many over the years.