🇯🇵 JAPAN LIQUIDITY IS DRYING UP FAST
Japan’s 30Y yield just hit 3.5% ATH as the Bank of Japan exits stimulus.
Cash in circulation fell 4.9% in 2025, first drop in 18 years.
Monetary base now ¥594T, below ¥600T for first time since 2020.
This is REAL tightening.
RECESSION ? 😢
