A big bet on Japan that once looked like a no-brainer is now a major headache.
Bank of Canada, Bank of Israel, Bank of England… CNBC takes a look at the central banks other than the Fed that may opt for negative interest rates.
Intervention in the value of the Japanese Yen is not on the cards, according to Valentin Marinov, managing director, head of G10 FX research at Credit Agricole.
Shinzo Abe has met with his top financial diplomat, as well as the BOJ governor, as key policymakers call for a G20-wide response to the market rout.
Peter Boardman, MD at Tradewinds, says it is key to watch how Japan Post is impacted by BOJ's negative interest rates next year.
Japan's negative rate policy should have weakened the yen, but instead it's spurred a rally as appetite to use the currency to fund other bets wanes.
Markets are overreacting to the stronger yen and BOJ's negative interest rates policy, remarks John Vail from Nikko Asset Management Americas.
Jesper Koll from Wisdom Tree Japan says the BOJ's negative rates have decked Japan Post but its restructuring plans are good.
The surge in the yen against the dollar is revealing deep problems in global markets, currency strategist Steven Englander tells CNBC.
Nomura's Michael Kurtz warns that the BOJ is struggling with a stronger yen and a 50 b.p. decline in Japan's inflation expectations.
Fed Chair Janet Yellen is expected to attempt to balance the Fed's stated goal of raising interest rates against the risks of a weaker global economy.
Colin Asher, senior economist at Mizuho, talks about how well the Bank of Japan's monetary policy is working in attempts to inflate the economy.
Shinzo Abe has defended the Bank of Japan's handling of monetary policy, after the central bank's surprise move on rates unsettled global markets.
Nicholas Smith, Japan Strategist at CLSA, explains why the BOJ negative rates policy is not delivering the impact it was supposed to.
Negative interest rates are leading to concerns about the strengths of the financial sector, says National Australia Bank's Ray Attrill.
Japan's policymakers might have to revise their goals for Abenomics, says Geoff Lewis, global market strategist at Manulife Asset Management.
Japanese yen is surging because it is well-supported by a large current account surplus of nearly 3 percent of GDP, explains Commonwealth Bank of Australia's Elias Haddad.
Japan markets' extreme volatility is in response to the global panic environment and Fed uncertainty, explains Ed Rogers from Rogers Investment Advisors.
CNBC Pro asked top Wall Street strategists and money managers how investors should position their portfolios as the Japan 10-year bond yield goes negative.
Yields on Japan's benchmark 10-year government bond fell below zero for the first time, as investors clamored for safe-haven assets.