Japan’s 30-year government bond yield has surged to 2.88%, marking its highest level in 20 years.
Announced on April 15, 2025, this data point reflects a 60 basis point increase within just one week. Analysts warn that the spike may prompt Japanese investors to reduce exposure to overseas risk assets and repatriate capital.
Japan remains the largest foreign holder of U.S. Treasury securities and has long played a key role in supporting global liquidity due to its low-yield environment. However, the sharp rise in yields may reduce investor appetite for both U.S. bonds and riskier assets like Bitcoin. Garry Evans, chief strategist at BCA Research, emphasized that a shift in Japanese capital flows could negatively impact global markets.
While Bitcoin outperformed traditional indices during the recent U.S.-China trade tensions, experts note that BTC has remained in a downward trend since February. The growing influence of macroeconomic shifts like these could become increasingly evident in crypto market performance moving forward.
