The war is causing a pivot away from Asia, undermining US alliances with Japan, South Korea, and Taiwan by depleting military stockpiles and demonstrating strategic incompetence.
China emerged as a relative safe haven during the Iran war, with its 30-year bond yield remaining stable while yields in energy-short countries like the UK and Japan rose.
Suborana asserts most demographers are skeptical IVF subsidies will fix China’s low birth rate, citing Japan and South Korea where similar support failed to reverse broader societal trends away from childbearing.
Trump publicly trashed key US allies Japan, South Korea, and Australia for not helping in the conflict, praising only Israel and the Gulf states.
Gromen highlights Japan's emerging market behavior, where rising JGB yields relative to Treasuries weaken the yen instead of strengthening it. He monitors the dollar-yen times oil metric as pressure on US yields.
Alden explains the global piggy bank mechanism. Energy-importing nations like Japan must sell dollar assets, primarily Treasuries, to pay for oil when the dollar and oil price both rise, transmitting stress to US markets.