⚠️ Japan's government bond yields have surged, reaching a new historical high, closely mirroring the trend of gold —

Currently, Japan is experiencing a "high market" trading phenomenon, characterized by aggressive fiscal policies combined with limited interest rate hikes, leading to a rising stock market and a double whammy for bonds and currencies.

The Japanese government is likely in a dire financial situation, currently repaying debts borrowed over a decade or two ago. If interest rates rise to 5%, all fiscal revenue would have to be used for debt repayment!

To be honest, U.S. Treasury bonds are far less risky than Japanese bonds, which may enter a vicious cycle —

1. Aggressive fiscal policies have led to concerns about debt risk.

2. These risk concerns have raised government bond yields.

3. The increase in yields complicates decision-making for the Bank of Japan.

4. The weakening function of the Bank of Japan has heightened inflation expectations.

5. Inflation expectations have further raised government bond yields.

6. The rise in yields has increased debt risk.

It feels like the exchange rate still has room to fall; could we be approaching the national slaughter line?

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