Bloomberg Business

The Bank of Japan responded to market pressure this week by unexpectedly increasing its band for the 10-year bond yield. The new ceiling is already coming under threat.

Japan will again resort to bond issuance to help fund another year of record spending, with the Bank of Japan’s surprise policy move this week set to put pressure on borrowing costs going forward.

The Bank of Japan is likely to allow bond yields to rise further following this week’s surprise move — part of a shift to a tighter monetary policy that will benefit financial firms, according to the chief executive of the nation’s second-biggest brokerage.

Japan has compiled another record initial budget for the upcoming fiscal year, adding to the developed world’s heaviest debt pile.

Mild weather is expected to remain over most of Europe during the holidays, dimming the chances of a white Christmas but easing pressure on the region’s power grids.

Home hunters in Japan just got a good hint about how much more they may have to pay for a popular fixed-rate mortgage after the Bank of Japan surprised markets this week by doubling its yield cap on the 10-year government bond.

South African President Cyril Ramaphosa notched up another win in the leadership contest for the ruling African National Congress, after his allies secured a resounding majority of posts on the party’s top decision-making structure.

As Covid-19 infections soar across China, a shortage of antiviral medicines like Pfizer Inc.’s Paxlovid appears to be spurring people to turn to the black market.

Britain’s wind farms generated a record amount of electricity this year as gusty weather and a growing fleet of turbines softened the impact of soaring natural gas prices.