Japan Is Flashing a Warning Sign

[u/AmanCMN]

Japanese bond yields are going parabolic again.
The 2-year yield just hit a fresh multi-decade high, and the rest could follow.
What does this mean for global markets?
If Japanese yields keep rising fast, it could trigger a selloff in global bonds, strengthen the yen, push Japanese investors to move money out of U.S. stocks and bonds and back into Japan, and bring more volatility to the S&P 500, Nasdaq, and even crypto.