ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

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

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

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

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 Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more