Days after Japanese bonds crashed, sending tremors through global financial markets, traders were still stunned by the speed and breadth of it all. A quarter-point surge in yields “in a single session ...

Beneath the powder snow at internationally popular Japanese ski resort Niseko, anxiety is mounting among residents over soaring prices and a massive influx of overseas workers.

Japan just did something it hasn’t done in more than 30 years: it raised interest rates. And while most people weren’t watching, global markets felt it immediately. For decades, Japan kept money cheap ...