Japan's Currency Conundrum: A Recipe for Global Market Volatility? The yen has breached the 160 per dollar mark, sparking concerns about Tokyo's ability to intervene effectively.
The benchmark borrowing costs have risen to their highest level in three decades, with the 10 year yield nudging above 3% for the first time since 1996.
This development is not just an economic issue for Japan; it has significant implications for global markets.