Updated at 13:32, Taiwan stocks closed at 14170.03 points, down 263.29 points, with a turnover of 263.674 billion, and TSMC plummeted 9 yuan to close at 457.5 yuan.
The Bank of Japan announced earlier that it would adjust the yield curve control plan and raise the upper limit of the 10-year Japanese government bond yield to 0.5%, higher than the previous upper limit of 0.25%. , Taiwan stocks once plummeted more than 260 points in intraday trading, and TSMC dropped 11.5 yuan to 455 yuan.
Although the Bank of Japan maintains an ultra-loose monetary policy, it unexpectedly fine-tuned the control of the yield curve. As a result, bond yields rose and the yen rebounded strongly. Japanese investors are one of the largest holders of overseas financial assets, which will attract huge amounts of capital back to Japan, leading to Taiwan’s The stock market dived, the U.S. stock futures index fell further, and the Nikkei index also turned black, plummeting more than 600 points.
The world is facing a crisis of high inflation, and central banks of various countries have followed up with the Federal Reserve to raise interest rates. However, Japan still maintains an ultra-loose negative interest rate policy to support economic development. It is the only major country in the world that maintains negative interest rates. It has also been reported that the Japanese government will Taking advantage of the end of the term of Bank of Japan Governor Haruhiko Kuroda next year, he will substantially adjust the ultra-loose monetary policy, but this news has not been confirmed.
Japan’s ultra-loose policy has caused the yen to continue to depreciate, hitting new lows repeatedly. The central bank intervened in the market several times without changing the monetary policy, and then it stopped falling slightly. Now that the bond yield ceiling has been raised, the yen has also risen by more than 2 %.