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.
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.