BOJ's Kazuo Ueda Signals Rate Hikes, Japanese Bond Yields Rise To 14-Year High—What The Recent Past Tells Us About Impact On US Markets
Bank of Japan Governor Kazuo Ueda indicated Wednesday that the central bank is prepared to raise interest rates if economic and price conditions continue to improve, as Japan’s 10-year government bond yields touched their highest level since 2011 amid mounting speculation of policy tightening.