Bank of Japan rattles markets globally with hint of a rate increase
Japan’s bond-market rout accelerated after Bank of Japan Gov. Kazuo Ueda delivered hawkish remarks Monday, pushing yields higher and rattling markets locally and overseas.“The Bank of Japan sees the probability that the baseline outlook for the economy and prices will be realized as gradually increasing,” the governor told local business leaders in Nagoya.The BOJ has been sitting tight since it took rates to 0.5% in January.
