When Japanese prime minister Shigeru Ishiba said that the country’s fiscal condition was “worse than Greece” this week, it worried investors and triggered one of Japan’s worst bond sell-offs in decades, as per a report. On Tuesday, Japan’s long-term bond sale saw the worst demand since 1987, which showed that buyers are now moving away from Japanese debt, as per an Investors Observers report. Japan’s massive bond sell-off is now seen as a sign for the United States to be cautious, as the superpower is also under a huge debt, according to the report.
Japan’s Bond Market Rattles Investors Worldwide
Japan’s financial turmoil is sending shockwaves around the world, and it is hitting the United States at a particularly fragile moment.
The country’s 20-year government bond yield rose to 2.6%, which is the highest since 2000, reported Investors Observers. The 30-year yield reached a new record of 3.2%, and the 40-year is at a…
