An article on Bloomberg saying:
The Bank of Japan’s unprecedented asset purchase program has released a creeping paralysis that is freezing government bond trading, constricting the yen to the tightest range on record and braking stock-market activity
It goes on:
- Historical price volatility on Japanese bonds slid to a 2 1/2-year low of 0.913 percent on June 13 and a lack of activity delayed the start of trading for four days last week
- The yen has been in a 4.68-yen range since Jan. 1, the tightest since Japan ended currency controls four decades ago
- Average trading on the Topix index is near its lowest level in 1 1/2 years
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Uh, well … yeah …
More detail at the article, ungated
