Tokyo the centre of worry for global investors

Testing times: A man walks past the Bank of Japan headquarters in central Tokyo. Adding to investors’ confusion, the yen weakened about 2% yesterday after Uchida said the bank wouldn’t raise rates as long as markets are unstable. — AFP

TOKYO: In less than a week, Japan has completely upended the world’s expectations for its markets and economy.

The country was the darling of the financial world for over a year. Its weak currency pushed the stock market to record highs and rekindled inflation after decades.