Japanese bond yields are spiking dramatically, Japan’s debt to GDP ratio is now above 230 percent, the Japanese economy has started contracting, and Japanese Prime Minister Shigeru Ishiba just publicly stated that the financial condition of his nation is worse than the financial condition of Greece. The superhero is the 40-year JGB yield, which jumped another 11 basis points at the moment, for a spike of 100 basis points since the beginning of April, to 3.56% at the moment. Japan’s economy is expected to keep shrinking in the second quarter due to the pressure that the global trade war is putting on it.
Author: Michael Snyder
Published at: 2025-05-21 22:30:15
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