Japan’s bonds are worth basically nothing — or less
Japan’s bonds are worth basically nothing — or less
You know how we always say follow the bond market if you want to know where an economy’s going?
With that in mind, consider the yield on the Japanese long bond today: 0.458 percent. So when you lend the Japanese government money for 30 years, you’ll get twice-yearly payments equal to 0.458 percent of what you put up. So basically nothing.
It’s also worth noting that if you buy the Japanese ten-year bond, you actually have to pay for the privilege.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
