Witnessing history, Japanese government bond yields soar wildly

Is Japan about to reach its limit?

Risks of the surge in Japanese bond yields
Rising government fiscal pressure: rising bond yields = higher borrowing costs, which could long-term squeeze fiscal space.

Financial institutions under pressure: Banks and insurance companies hold大量 government bonds, and falling bond prices will affect their balance sheets.

Policy dilemma: If the Bank of Japan does not intervene, interest rates may continue to rise; if it intervenes, market confidence may be shaken.

Spillover risks: Japan is one of the world's major sources of capital. If forced to withdraw overseas funds, it could impact global financial markets.