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Perversely, rates almost immediately shot higher, ushering in weeks of volatility.
“There is talk of a U.S. exit from easing and problems with China’s economy, but the fact we don’t know what appropriate levels for JGB yields are is having a much greater negative impact on stock prices,” said Yuuki Sakurai, president of Fukoku Capital Management, which manages funds totaling Y1.8 trillion ($18.4 billion).
Perversely, rates almost immediately shot higher, ushering in weeks of volatility.
“There is talk of a U.S. exit from easing and problems with China’s economy, but the fact we don’t know what appropriate levels for JGB yields are is having a much greater negative impact on stock prices,” said Yuuki Sakurai, president of Fukoku Capital Management, which manages funds totaling Y1.8 trillion ($18.4 billion).