🚨 THERE'S NO STOPPING JAPAN'S ECONOMIC CRISIS
Japan's 2-year bond yield just hit 1.692%, its highest level in 31 years. It was negative in early 2024.
That's a rise of nearly 170 basis points from below zero in just two years.
The 5-year is at 2.173%, also a 31-year high, and the 10-year is at 2.929%, a 30-year high. The entire curve is repricing at once, not just the short end.
Japan already carries debt worth around 205% of GDP, while Q2 GDP growth came in at just 1.1% annualized versus 2.0% expected.
Rising debt, weakening growth, a falling currency and higher borrowing costs are all hitting Japan at the same time.
It is the worst combination a country can face.$PORTAL $GPS $AIO
Japan's 2-year bond yield just hit 1.692%, its highest level in 31 years. It was negative in early 2024.
That's a rise of nearly 170 basis points from below zero in just two years.
The 5-year is at 2.173%, also a 31-year high, and the 10-year is at 2.929%, a 30-year high. The entire curve is repricing at once, not just the short end.
Japan already carries debt worth around 205% of GDP, while Q2 GDP growth came in at just 1.1% annualized versus 2.0% expected.
Rising debt, weakening growth, a falling currency and higher borrowing costs are all hitting Japan at the same time.
It is the worst combination a country can face.$PORTAL $GPS $AIO