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 Japan Yield Drops Below Zero
World Economy

Japan Yield Drops Below Zero

Japan’s two-year note yields dropped below zero for the first time after a report showed gains in consumer prices slowed for a third straight month even as the central bank pushed forward with record stimulus, Bloomberg reported. The Ministry of Finance sold 2.5t yen ($21b) of 0.1 percent debt due December 2016 with a record low average yield Friday. The Bank of Japan decided last month to expand the annual pace of its bond buying to 80 trillion yen, Bloomberg said. US yields fell after OPEC took no action to ease a global oil-supply glut, causing Brent to extended its decline from a four-year low.

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