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Bitcoin Gains 2%, Stocks Drop as Bank of Japan Allows Benchmark Bond Yields to Rise

The BOJ unexpectedly lifted the cap on the 10-year Japanese government bond yields to 0.5% from 0.25%, ending the prolonged period of near-zero yields.

Tokyo, Japan (Ryo Yoshitake/Unsplash)
Tokyo, Japan (Ryo Yoshitake/Unsplash)