According to The Kobeissi Letter, Japan's 40-year government bond yield surged to its highest level in over 20 years, coinciding with fresh GDP contraction and alarming warnings from Prime Minister Ishiba, who described the situation as 'worse than Greece' (source: The Kobeissi Letter, Twitter, May 19, 2025). For crypto traders, this signals potential volatility in yen-pegged stablecoins and cross-border flows, as risk aversion rises in Asian markets. The escalating bond yields and economic downturn increase the likelihood of liquidity shifts into crypto assets as traders seek alternative stores of value and hedge against fiat instability.