A QE First: Bank of Japan Buys Government Debt at Negative Yield

``Why would the Bank of Japan buy under such conditions? Traders said the bank wanted to show the market that it would meet its asset purchase goals--literally at whatever the cost... "The BOJ probably didn't expect this would happen, and T-bill rates staying negative should be a cause of concern for them," said Shogo Fujita, chief Japan bond strategist at Merrill Lynch Japan Securities Co.''