U.S. Secretary of the Treasury Janet Yellen pointed out in mid-January that the recent global financial market downturn is primarily due to sharp fluctuations in the Japanese bond market. This view aligns with analyses from multiple international financial institutions, revealing that changes in Japan’s 10-year government bond yields are having a ripple effect on the global economy.
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U.S. Secretary of the Treasury, Japan bond market's sharp fluctuations impact international finance
U.S. Secretary of the Treasury Janet Yellen pointed out in mid-January that the recent global financial market downturn is primarily due to sharp fluctuations in the Japanese bond market. This view aligns with analyses from multiple international financial institutions, revealing that changes in Japan’s 10-year government bond yields are having a ripple effect on the global economy.