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The animated sequel drew in $156 million in the U.S. and $400 million abroad, more than half of it coming from China, according to Box Office Mojo, a website that tracks revenue.
The remark caused Japanese bond yields to rise sharply, while yields on other global sovereign bonds, from the U.S. to Europe and the rest of Asia, quickly followed suit.
Ueda’s remarks, which come at a time when the Japanese economy is experiencing a moderate recovery, triggered a global bond-market selloff that impacted debt trading in Australia and New Zealand, as well as in France, Italy, Greece and the U.S.
“American investors should pay close attention. A stronger yen and rising Japanese yields could pull capital away from the U.S. bond and equities markets, tightening financial conditions globally.”
Before Ueda’s comments on Monday, investors had been more focused on the prospect of aggressive fiscal stimulus under Japan’s first female prime minister, Sanae Takaichi, and the possibility that a subsequent rise in yields might make the country’s bond market look more attractive relative to the U.S. and the rest of the world.
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From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.
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