A global recession is on the horizon - please read OP for mod warning

That's the yield going up right? So everyone is selling them? Why the 10 year though? Surely it would be the 2 year one? What are they buying instead?

Reality will bend to the ECB.

Cash flow is a real problem for people, well the worry of it rolling too far.

More cyncially, there's some funny business going on with a hedge fund who have taken a massive short position against Japanese government bonds via derivitives.

Essentially they're trying to Gamestop the Bank of Japan.

Now whatever your opinion on short-selling, it's one thing trying to short Tesla (which short sellers lost their shirt on after a huge battle to the delight of Musk) but to it to the third largest economy in the world...

There was a big short-sell play against Japanese bonds earlier on in the year in which the short sellers had to admit defeat

Do most young people want to return to what affordable housing means?

There is a lot of positions and views on society etc that will have to be dropped if they want it and a functioning society and economy in a world where free money on tap is not available for every initiative or cause.

Japan hasn't had inflation to speak of for nearly 3 decades.

The inflation they are experiencing now (around the 2 percent mark), actually suits them for the moment and is something they have been targetting for a long time. They've got it in a roundabout way so it wouldn't make sense for them to hike interest rates.

Japan is a very different economy with a unique set of challenges. I wouldn't take what's going on in the US or or eurozone as a guide for what Japan should be doing.

Stagflation persisted for a number of years after their bubble popped in the 90s.

But meeting any sort of inflation targets has been a struggle for them for the last decade and a half or more.

Japan isn't as expensive as many would imagine any more (bar some odd items like fruit which remain ridiculously expensive).

You're a recession.

Am I doing this right?

Remarkably, Japan's debt over the years is sustainable and serviceable. It does mean their domestic economy continues to be sluggish and has exhibited low-growth. But how the Japanese economy is structured is pretty unique on a number of levels.

They are deeply invested in the health of the US dollar and own trillions in extremely safe US Federal debt.

Their financial institutions are huge, have diversified investments all over the world in critical sectors, and bankroll their large corporates to weather almost any storm (to the point of keeping uncompetitive firms on life support, but stability is the order of the day). There is an extremely high degree of coordination between their financial institutions and the government to ensure they don't go off the reservation.

There may be a reckoning day for the Japanese economy given their unfavorable demographics and unwillingness to reform their labour market etc, but it seems a long way off for now.