Investors speculate that BoJ will crack

Under pressure: The BoJ headquarters in Tokyo. The central bank is faced with a growing headache in its strategy to help a stuttering economy as the rest of the world moves on to raise interest rates. — Bloomberg

TOKYO: There’s more than just one hedge fund betting the Bank of Japan (BoJ) will cave in and change its increasingly isolated super-easy monetary policy.

Speculators pushed Japan’s bond futures to the brink of a trading halt Wednesday, as the central bank struggles to convince markets its pledge to cap yields at 0.25% is sustainable.