Japan's bond market is imploding: Japan's 30Y Government Bond Yield has officially surged to its highest level in history, at 3.15%. For decades, Japan was known for low long-term interest rates. Now, they are dealing with high inflation, shifting policy outlook, and a whopping 260% Debt-to-GDP ratio. On top of this, Japan holds 1.1 TRILLION worth of US debt, making it the largest foreign holder of US debt. Yesterday, Japan’s Prime Minister Ishiba called the situation “worse than Greece.” What will Japan do here?