Japan still stuck in negative yields as ECB joins rate hike revival

With two- and five-year rates underwater, yen is on slippery slope

20220609N Yen hands REUTERS

The yen is approaching exchange rates not seen since the Asian financial crisis. © Reuters

DAISUKE NAKAMOTO, Nikkei staff writer

TOKYO -- Japan holds the dubious distinction of being the last major economy with negative yields beyond short-term interest rates, leaving the yen vulnerable to a sell-off that shows no signs of ending.

The yield on two-year Japanese government bonds came to minus 0.07% as of Wednesday. The five-year yield was also negative.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.