Nikkei hits 2-mth low, 10-year yield at 7-yr high after BOJ’s policy surprise
“I had expected the 10-year yield to hit 1% when the BOJ tweaks its policy, but it didn’t and that’s because the BOJ conducted emergency bond buyings to contain elevated yields,” said Masayuki Koguchi, general manager at the fixed income investment division of Mitsubishi UFJ Kokusai Asset Management.
