Japan's Bond Yields Soar, Central Bank Faces Tough Choices

Japans central bank grapples with rising bond yields, a challenge exacerbated by the governments plans for a large spending package. The Bank of Japan faces a dilemma: raise interest rates to curb inflation, risking economic slowdown, or maintain low rates, potentially worsening inflation. The situation is further complicated by the risk of a weakened Japanese yen, which could increase imported goods cost. Despite these challenges, a major global financial disruption is deemed unlikely.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.