Market observation period: 6 August – 6 September 2026. Every figure in this article carries a dated source, listed at the end. Facts, interpretations and scenarios are clearly separated. On September 1, 2026, a number appeared on bond screens in Tokyo that had not been seen in thirty years. Japan’s 10-year government bond yield crossed 3 percent (Reuters, September 1,…
Tag: yen
The Last Fortress Falls: What the Bank of Japan’s Surrender Really Means
For fifty years, something has been quietly breaking. Nobody talked about it much. It was boring. It was technical. It was happening in Japan. But maybe this boring thing in Japan was actually the most important thing in the entire global financial system.

