This Weekend In Japan, A Referendum On Financial Repression

Before today's big CPI print, we saw some significant milestones in Japan this morning, when the 10yr yield hit its highest intraday level since 2008, while both the 20yr and 30yr yields reached its highest intraday level since they were first issued in 1999 (see the bottom chart at the end).

Japan 20-Year Government Bond Yield Rises to Highest Since 1999