Japan’s central bank will meet this week amid soaring bond yields and a strong yen, with some economists expecting it to scrap its yield curve control policy.
The U.S. officials noted Malaysia is also taking measures while India and the WHO have expressed their concern about the situation in China.
Global markets were jolted overnight after Japan unexpectedly raised the cap on 10-year Japanese government bond yields, sparking a sell-off in bonds and stocks.
The BOJ’s monetary meeting concluded Tuesday with no change to its current ultra-low interest rate at -0.1%, a stance it’s held since 2016.
Tesla Megapack battery storage, solar panels and hydrogen fuel cells are key to a Panasonic site in Japan testing 100% renewable energy-powered factories.
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