Bank of Japan Shares End Their Puzzling Rally, Dropping by Limit
- Stock falls 19%, having more than doubled in surge this week
- Gains are likely done for now, Matsui Securities’ Kubota says
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The Bank of Japan’s head-scratching surge this week came to a halt on Friday, as the stock erased intraday gains to fall by its limit.
The shares sank 19%, the most since December 1991, after rising by the daily limit in each of the four previous sessions.