Bank of Japan ¥2tn intervention fails to halt Nikkei slump
The Bank of Japan (BoJ) flooded markets with a "deluge of liquidity" today after yields on Japanese government bonds (JGBs) reached their highest level in two years.
The move came the day after BoJ governor Haruhiko Kuroda expressed concern about volatility in JGB yields, but said this was not hitting the real economy. Financial markets remained highly volatile, however, with the Nikkei 225 index traded on the Tokyo Stock Exchange falling 7.3% today.
The market sell-off was largely attributed
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