Global Markets Face A Witches’ Brew Of New Risks As Japan’s Monetary Adventure Wobbles, China Slows Further And The Us Fed Prepares To Shut The Spigot Of Dollar Liquidity

Tuesday, May 28, 2013
By Paul Martin
May 28th, 2013

Veteran fears ‘beginning of the end’ for Japan as bond market buckles

Yields on 10-year Japanese bonds (JGBs) have doubled in a month and spiked dramatically to 1pc on Thursday, triggering a 7.3pc crash in the Nikkei stock index. It was the biggest one-day fall since the tsunami two years ago, comparable with wild moves seen at the height of the Asian crisis in 1998.

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