Japan’s Bond Shock Is a Global Red Flag. Crypto Could Suffer

Japan’s 10-year government bond yield just surged to 1.84%, its highest level since April 2008. On the surface, it’s a number. But for anyone watching global markets, it’s a flashing warning sign.  Japan has spent decades keeping its interest rates near zero, which made it one of the world’s main sources of cheap money, the anchor of global liquidity.  Investors and institutions borrowed in Japan and invested that money everywhere else: from US Treasuries to European bonds, equities, and yes, crypto.  Now, that foundation is shifting. Rising domestic yields make it increasingly attractive to keep that capital at home,

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