🚨 JAPAN’S BOND PROBLEM IS GETTING HARD TO IGNORE
Japan’s 4 largest life insurers reportedly hold about ¥15.1T ($96B) in unrealized bond losses.
That’s up roughly 7% in just 3 months as yields rise.
If losses keep building, pressure on Japan’s financial system could increase.
The key question:
Does Japan’s bond stress spill into global markets? 👀
#Japan #Bonds #Macro #Markets #Crypto