🇯🇵 JAPAN’S DEBT BUYING MYSTERY 🔥

JGB supply up 8% to ¥65T ($415B)

BOJ cuts buying, holdings to shrink ¥46.5T

10Y yield at 2.13%, highest since 1999

JGBs fell 6% last year, worst among majors

More supply.

Less Bank of Japan support.

Higher borrowing costs.

Volatility is back. #Japan #bank #DEBT