Three months into her term, Japan’s Prime Minister Sanae Takaichi has dissolved parliament and called a snap election. Meanwhile, the bond market is melting down around her, and yields on 40-year government bonds just hit all-time highs.
What happens next could unwind the trillion-dollar trade that’s been quietly propping up global liquidity for decades. Win or lose, Takaichi’s gamble has already broken something in the Japanese financial system, and the cracks are starting to show up everywhere from Mumbai to Manhattan.
Credit to : Coin Bureau Finance
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