Bloomberg Business

Yen Surges as Kuroda’s Yield Cap Shock Sparks Normalization Bets

Bank of Japan Governor Haruhiko Kuroda shocked markets by doubling a cap on 10-year yields, sparking a jump in the yen and a slide in government bonds in a move that helps pave the way for possible policy normalization under a new governor.

Hong Kong Scraps Rapid Tests for Bars in Further Covid Easing

Hong Kong will allow people to enter bars without a negative rapid test, and scrapped limits on patrons for a raft of venues, as the financial hub continues to slowly loosen some of its last remaining Covid curbs ahead of a trip by the city’s leader to Beijing.

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