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My Kuroda! Not a Single Japanese 10-Year Bond Traded Tuesday…

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The Bank of Japan has vacuumed up so much of the government bond market — in excess of 40 percent — that it’s left fewer securities for others to buy and sell. Some other buyers, such as pension funds and life insurers, also tend to follow buy-and-hold strategies. That’s the backdrop to Tuesday’s session, when […]

Kobe Steel Admits Data Fraud Went on Nearly Five Decades…

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Kobe Steel Ltd admitted on Tuesday its data fraud has been going on nearly five decades and also revealed new cases of cheating, highlighting the challenges facing the 112-year-old company mired in compliance failures and malfeasance. Japan’s third-biggest steelmaker said its CEO will step down to take responsibility for the widespread data fraud scandal that […]

U.S. Stocks Snap Selling Spree to Close Higher in Volatile Trading…

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The U.S. stock market halted its death spiral to close higher Tuesday after a wild day of trading that saw the Dow ricocheting more than 1,000 points, underscoring a new regime of volatility on Wall Street. The turnaround, which follows on the heels of the blue-chip index’s worst one-day point decline on Monday, helped to […]

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