Japan’s 30-Year Bond Yield Jumps to 3.38%, Threatening Crypto Market 

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Japan’s government bond yields have hit record highs, with the 30-year yield rising to 3.38% this week, a level not seen since the 1990s. At first, the number looks small, but it can shake global money flow in a big way.

With the crypto market already weak, many fear this move from Japan could trigger another crypto crash. 

What’s causing Japan’s 30-Year Bond to Hit 3.38%

Japan’s long-term bond yields are jumping because the Bank of Japan is slowly moving away from its long-time ultra-easy money policy. At the same time, the government is preparing a huge support package worth 17–20 trillion yen to help a weakening economy.

But instead of calming the market, this move pushed bond yields even higher. The 30-year bond climbed to 3.38%, while the 20-year rose to 2.88%, showing rising worry among investors.