Japan Bond Yields Hit 2.94% Highest Since 1998, Bitcoin Crash Coming
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Japan, the world’s second-largest economy, saw its 20-year government bond yield rise to 2.947%, the highest since 1998. With debt piling up and borrowing costs climbing rapidly, Japan may be forced to bring hundreds of billions of dollars back home. If that happens, U.S. bonds, Tether, and even Bitcoin could be affected.
Experts predict the Bitcoin price could drop 5–8% if Japanese bond yields stay above 2.90%.
Japan’s Debt Trap Is Reaching Its Breaking PointJapan carries one of the heaviest debt loads on Earth, 263% of its GDP, nearly $10.2 trillion in total.
For decades, they managed this only because interest rates were near zero. But now, with inflation staying above 2% and the Bank of Japan lifting short-term rates to 0.5%, the cost of borrowing is exploding.
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