Arthur Hayes: Rising Japanese government bond yields may weaken Japanese capital support for US Treasuries

According to Odaily, Arthur Hayes pointed out in an article that Japan's second largest bank plans to significantly increase its holdings of Japanese Government Bonds (JGB) after yield volatility subsides. He stated that as JGB yields rise, Japanese investors may be more inclined to allocate funds to the domestic market, thereby reducing investments in US Treasuries. This will affect Japan's ability to continuously provide financing support for "Pax Americana".