Japan's bond market is sending red flags. Unlike the "Liz Truss shock" that caught Britain off-guard in 2022—a scenario of pure fiscal irresponsibility spiraling into panic—the situation here feels different but equally concerning. Japanese government bond yields are behaving erratically, and savvy investors aren't ignoring the warning signs. The underlying tension between unsustainable debt dynamics and market expectations is brewing beneath the surface. Whether this unfolds into a broader financial stress or remains contained depends on policy responses and global risk appetite. For crypto traders watching macro trends, this kind of government bond volatility often precedes broader asset class repricing. Keep a close eye on how this plays out.