Part 4/7:

The stark decline in bond prices is alarming, especially given that these securities serve as a backbone for the financial system in Japan, supporting not only the banks but also pensions for approximately 40 million increasingly underprivileged citizens, including 96% of those over the age of 60. Recent economic data showing Japan edging once again into recession combined with a rising inflation rate of 3.7%—double the inflation rate during Donald Trump’s administration—signals a troubling entry into stagflation territory.