TOKYO—The yield on Japan’s 20-year government bond Wednesday fell below zero for the first time ever and the 30-year yield dropped as low as 0.015%, as investors seek safety after Britain’s vote to leave the European Union. The 10-year Japanese government bond yield also fell, hitting a record low of minus 0.275%. Global markets reacted swiftly after two big British asset managers blocked investors from pulling money out of...
The Bank of Japan may be running out of options to ease monetary policy and weaken the yen after Japan's 20-year government bond fell below zero for the first time ever on Wednesday. The 30-year yield was just 0.015%, as investors sought safety following Brexit. "The Japanese economy is in a state of shock right now," said Michael Hewson, chief market analyst at CMC Markets Asia.