Japan’s bond market faces historic pressure

At the heart of the turmoil is a historic shift in Japan’s interest rate environment after decades of yields near zero.

Ten-year Japanese government bond yields have risen to around 2.29%, the highest level since 1999, unsettling investors accustomed to Japan’s role as an anchor of global financial stability.

#Bitcoin and global markets have turned defensive after a sharp shock from Japan’s bond market and renewed geopolitical tensions, with BTC down more than 6% over the past week as US stocks fell more than 2% from their lows and global credit markets sold off.

According to #QCP Asia's latest market insight, the setback was driven by rising Japanese government bond yields and escalating US-Europe trade conflicts, growth analysts say, adding to tightening financial conditions and eroding risk appetite across asset classes. #JapanCrypto