🚨: Japan’s bond market is flashing a major warning signal.
Japan’s 10Y government bond yield has surged from -0.28% to 2.5% since 2019 — a 1000%+ increase.
This is a massive shift for a country long known for ultra-low rates.
What it means:
• End of easy money era in Japan
• Rising pressure on global liquidity
• Potential unwind of carry trades
• Higher borrowing costs across markets
Japan has been a key pillar of global liquidity for years.
If that changes, the impact could ripple across stocks, bonds, and crypto worldwide.