Bond Market `Exhausted' as Kuroda's Stimulus Enters Fourth Year

Updated on
  • Low yields accompanied by high volatility, money market stress
  • `The BOJ is running out of bullets': Credit Agricole's Ogata

Haruhiko Kuroda.

Photographer: Akio Kon/Bloomberg

Three years since Bank of Japan Governor Haruhiko Kuroda embarked on an unprecedented monetary experiment, yields continue to test new lows even as concern grows that his policies will cripple the world’s second-biggest bond market.

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