Asia Pacific May 20, 2013

N.Z. bank may raise interest rates

Rising house prices in New Zealand will increase the pressure on the central bank to raise interest rates, Finance Minister Bill English said Sunday. "These households heading into quite high debt to buy highly priced houses need to be aware at some stage the RBNZ ...

JGB yield spikes raise alarm bells

Business / Financial Markets May 18, 2013

JGB yield spikes raise alarm bells

by Reiji Yoshida

Is it a sign of a full-fledged economic recovery or a looming catastrophe in the monetary making? Recent spikes in Japan's long-term interest rate, represented by the 10-year government bond, have created a stir and roused a deep sense of alarm among investors and powerful ...