Japan bids farewell to zero interest rates: Has the "Liquidity turning point" for risk assets arrived?
The yield on Japan's two-year government bonds has risen to 1% for the first time since 2008; the yield on five-year government bonds increased by 3.5 basis points to 1.345%, a new high since June 2008; the yield on 30-year government bonds briefly touched 3.395%, setting a historical peak.
The significance of this matter is not just "Interest Rate surpassing 1%", but rather:
The extreme easing period in Japan over the past decade is being permanently written into history.
From 2010 to 20
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