BOJ
Macro
Markets
Japan’s Bond Rout Forces Tech Giants to Reprice AI Infrastructure Bets
JGB yields at 2.7% are triggering a $700 billion reckoning for hyperscaler capex as yen funding costs spike and carry trade unwinds accelerate.
Macro
Markets
Japan Burns $73.6 Billion to Defend Yen as Carry Trade Threatens Global Contagion
Record intervention over a single month exposes exhaustion of traditional FX tools as 300-basis-point rate gap and $2 trillion carry trade unwind risk test policy coordination limits.
Macro
Japan’s Inflation Miss Traps BOJ Between Credibility and Currency Defence
April CPI fell to 1.4%, well below forecast, while US core PCE holds at 3.2%—widening the policy divergence that fuels yen carry trades but threatens BOJ's tightening roadmap.