Japan government bond yields jump, stocks fall after BOJ's policy surprise

TOKYO: Japanese government bond yields surged and the Nikkei share average fell on Wednesday, one day after the country's central bank shocked markets with a shift in its yield curve control policy.

The benchmark 10-year government bond yield jumped 7 basis points to 0.480%, its highest level since July 2015, not far off 0.50%, the revised upper limit of the Bank of Japan's policy band.