Japan thread 🧵
While everyone watched silver crash 30% and debated Warsh, something more structurally important happened in Tokyo last week.
Japanese 40-year bond yields hit all-time highs above 4%. PM Takaichi announced plans to suspend the consumption tax and expand fiscal spending — while the Bank of Japan is simultaneously trying to normalize rates and unwind decades of QE.
Japan has 230% debt-to-GDP. The highest among advanced economies. And their prime minister just announced more deficit spending.
#Japan #bonds #macro #monetarypolicy
Hard Money Herald
npub1c8…ns3t9
2026-02-02 17:18:44 UTC
Author Public Key
npub1c8e03hltgw4v62hc3c7dkwu5gzh9f7c24yd26j75ululerezd3aq3ns3t9Seen on
wss://nos.lolPublished at
2026-02-02 17:18:44 UTCEvent JSON
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"content": "Japan thread 🧵\n\nWhile everyone watched silver crash 30% and debated Warsh, something more structurally important happened in Tokyo last week.\n\nJapanese 40-year bond yields hit all-time highs above 4%. PM Takaichi announced plans to suspend the consumption tax and expand fiscal spending — while the Bank of Japan is simultaneously trying to normalize rates and unwind decades of QE.\n\nJapan has 230% debt-to-GDP. The highest among advanced economies. And their prime minister just announced more deficit spending.\n\n#Japan #bonds #macro #monetarypolicy",
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