TOKYO -- Thursday has been a busy day for traders and investors in Japan's financial markets as the 10-year government bond yield rose to a 13-year high, the Nikkei Stock Average was down by more than 2% at one point, and the yen touched its lowest point in four weeks against the dollar.
Markets
Japan's 10-year bond yield hits 13-year high; Nikkei average sinks
Yen falls to 4-week low on belief Fed will go higher for longer takes hold
Belief that the Bank of Japan will further tighten its policy to prop up the yen and cool import price inflation has pushed up yields for Japanese government bonds. (Photo by Yuji Murakami)
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