Japan’s Bond Market is Crashing:

The yield on Japan’s 30-year government bond has officially risen to a historic high of 3.15%.

For decades, Japan was known for keeping long-term interest rates low.

Now, the country is grappling with high inflation, a shift in policy outlook, and a debt-to-GDP ratio of 260%.

On top of that, Japan holds $1.1 trillion worth of U.S. debt, making it the largest foreign holder of American debt.

Yesterday, Japan’s Prime Minister Ishiba described the situation as "worse than Greece."

What will Japan do now?