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According to the article, what have the Bank of Japan’s actions led to?
On April 4th, the Bank of Japan (BoJ) announced its plan to quickly consume 7 trillion yen of government bonds a month. It also said it would double the monetary base. However, instead of producing rising bond prices and falling yields, the central bank’s actions have so far led to the opposite.
On May 23rd , the yield on ten-year Japanese government bonds touched 1%. This was three times higher than before the BoJ’s April announcement. Furthermore, on the same day Japanese stocks plunged. The Nikkei 225 index dropped by 7%. Could "Abenomics" already be falling apart?
The clearest success for Abenomics had been a soaring stockmarket. The Nikkei share index rose by 79% in the year to May 22nd. Its fall since its peak reached 13% on May 30th. This partly is a result of profit-taking. However, the spike in bond yields is continuing to make investors less confident.
According to the article, what have the Bank of Japan’s actions led to?
According to the article, why might some people think that Abenomics is a failure?
Its fall since its peak reached 13% on May 30th.
However, instead of producing rising bond prices and falling yields, the central bank’s actions have so far led to the opposite.
Based on the information in the article, what is likely to happen with the stock market?
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