BOJ Seen Failing to Tame Volatility as Sale Slumps

BOJ Seen Failing to Tame Volatility as Sale Slumps

Kiyoshi Ota/Bloomberg

A pedestrian walks past the Bank of Japan headquarters in Tokyo. Japan’s benchmark 10-year yield jumped to 1 percent last week, a one-year high, even after the BOJ doubled bond purchases in April to end 15 years of deflation in the world’s third-largest economy.