Japan’s bond spasm hits a world without safe havens

TOKYO – Japan doesn’t tend to interest global investors very much — until something here goes really, really wrong. Exhibit A: Japan’s US$7.8 trillion government bond market, which is suddenly sending sizable shockwaves around the globe. Ten days ago, Japanese government bonds (JGBs) were the usual snooze fest with ultra-low yields, sluggish liquidity flows and […]