Japan, Explained: Why the World's Quietest Market May Be Its Riskiest
The world is watching
Japan’s latest 20-year bond auction flopped, triggering alarm across global markets. The bond markets have calmed somewhat this week, but with inflation rising, the BOJ tapering, and long-term yields surging, Japan is no longer the quiet corner of the global system—it may be its next pressure point. Albert Edwards - and the world - is watching.