Japanese 10-year bond yields surge to near 16-year highs on rate-hike expectations, global sell-off

‘We remain close to the most expensive U.S. equity valuations in history seen back in 2000,’ strategist Jim Reid wrote.

Ni Hong, China’s minister of housing and urban-rural development, is expected to speak at the event alongside officials from the central bank and finance ministry.

Shares of Toyota Industries slumped as much 13% after Toyota group’s 4.7 trillion yen ($33 billion) plan to privatize the former.