84-Year-Old Who Knows His History Says Fed Move Won't Hurt Japan

Updated on
  • Gyohten says markets pricing in 25-basis-point Fed hike
  • 10-year JGB yield seen rising no higher than 0.48% by year-end

Japanese government bonds and the yen are unlikely to swing much when the Federal Reserve raises interest rates for the first time in nine years, if history is any guide.

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