What Can Stop the Yen's Rise?
The yield on 20-year Japanese government bonds slid to a record as the yen’s surge to an 18-month high drove a slump in the nation’s equities. The debt rallied Monday as the Bank of Japan bought 240 billion yen ($2.3 billion) of bonds that have maturities between 10 and 25 years, and 160 billion yen of securities due in more than 25 years. The yen rallied to as strong as 106.14 per dollar Monday, a level unseen since October 2014. The Topix index of stocks tumbled 3 percent, falling for a fifth straight session. London & Capital Group Investment Director Ashok Shah discusses with Bloomberg's Mark Barton on "The Pulse."