Fed Feels Brexit Jitters as BOJ Holds Fire
Japanese, Australian and South Korean bond yields fell to records, as government debt around the world extended its best gains in two decades, with the prospect of Britain leaving the European Union boosting demand for havens. Federal Reserve Chair Janet Yellen fueled the rally by saying Wednesday slow productivity growth and aging societies may keep interest rates at depressed levels. Fewer Fed officials expect the central bank to raise interest rates more than once this year than they did three months ago, based on projections the central bank issued. The Bank of Japan said inflation in the nation may be zero or negative, while holding monetary policy unchanged. Tatton Investment Management CEO Lothar Mentel discusses with Bloomberg's Anna Edwards on "Countdown."
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