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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thoughts](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thoughts) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 23 Sep 2026 - - - #### Despite rising yields, Japan’s net interest payments as a share of GDP are projected to remain among the lowest in the OECD in 2027. Source: Japan Economy Watch (The Daily Shot) [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![Despite rising yields, Japan’s net interest payments as a share of GDP are projected to remain among the lowest in the OECD in 2027.](https://blog.syzgroup.com/hubfs/1790090257735.jpg) ![Despite rising yields, Japan’s net interest payments as a share of GDP are projected to remain among the lowest in the OECD in 2027.](https://blog.syzgroup.com/hubfs/1790090257735.jpg) 9 Sep 2026 - - - #### Japan projected to pay an all-time high 16.59 Trillion Yen ($108 Billion USD) in debt interest next year Source: FT, Barchart [#Macroeconomics|](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![Japan projected to pay an all-time high 16.59 Trillion Yen ($108 Billion USD) in debt interest next year](https://blog.syzgroup.com/hubfs/1788897750350.jpg) ![Japan projected to pay an all-time high 16.59 Trillion Yen ($108 Billion USD) in debt interest next year](https://blog.syzgroup.com/hubfs/1788897750350.jpg) 9 Sep 2026 - - - #### Short positions on the Japanese Yen remain near the largest in history Source: Bloomberg, Barchart [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![Short positions on the Japanese Yen remain near the largest in history](https://blog.syzgroup.com/hubfs/1788935020396.jpg) ![Short positions on the Japanese Yen remain near the largest in history](https://blog.syzgroup.com/hubfs/1788935020396.jpg) 7 Sep 2026 - - - #### Japan dumped $88 Billion of foreign securities last month, their largest such sale in history Source: Bloomberg, Barchart [#Central banks|](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![Japan dumped $88 Billion of foreign securities last month, their largest such sale in history](https://blog.syzgroup.com/hubfs/1788758944677.jpg) ![Japan dumped $88 Billion of foreign securities last month, their largest such sale in history](https://blog.syzgroup.com/hubfs/1788758944677.jpg) 7 Sep 2026 - - - #### Indians are buying more Gold for Investment than for Jewellery First time since 2020 Source: Patterns [#gold|](https://blog.syzgroup.com/syz-the-moment/tag/gold) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![Indians are buying more Gold for Investment than for Jewellery](https://blog.syzgroup.com/hubfs/1788697993625.jpg) ![Indians are buying more Gold for Investment than for Jewellery](https://blog.syzgroup.com/hubfs/1788697993625.jpg) 4 Sep 2026 - - - #### Someone trying to save the Japanese Yen again Source: Barchart [#Forex|](https://blog.syzgroup.com/syz-the-moment/tag/forex) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![Someone trying to save the Japanese Yen again](https://blog.syzgroup.com/hubfs/1788501569725.jpg) ![Someone trying to save the Japanese Yen again](https://blog.syzgroup.com/hubfs/1788501569725.jpg) 1 Sep 2026 - - - #### Japan’s bond market has crossed a historic threshold The 10-year JGB yield has hit 3% for the first time since 1996—doubling from roughly 1.5% in just 12 months. But the bigger story is who now sets the price. Foreign investors account for around 66% of monthly JGB trading volume, up from only 12% in 2009, as the Bank of Japan retreats from negative rates and massive bond purchases. Markets are responding: • A 92% probability of a BOJ rate hike by September • An October increase already more than fully priced in • Record debt-servicing costs of ¥36.6 trillion—around $230 billion—budgeted for the next fiscal year, up 17% For decades, the BOJ dominated Japan’s bond market. Now, market forces are taking control—and the cost of financing the world’s most indebted major economy is rising fast. Investors, not the BOJ, are increasingly setting the price of Japanese debt. Source: Global Markets Investor, Bloomberg [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![Japan’s bond market has crossed a historic threshold](https://blog.syzgroup.com/hubfs/1788257477463.jpg) ![Japan’s bond market has crossed a historic threshold](https://blog.syzgroup.com/hubfs/1788257477463.jpg) 26 Aug 2026 - - - #### JAPAN IS TRYING TO FIND NEW BUYERS FOR ITS MASSIVE BOND MARKET. For decades, the Bank of Japan was the buyer of last resort for Japanese government debt. But since 2024, the BOJ has been reducing its bond purchases — leaving a growing demand gap as yields rise. Now Tokyo wants households to help fill it. Japan’s Finance Ministry is reportedly considering adding government bonds to the New NISA tax-free investment program as part of its fiscal 2027 tax reforms. Some lawmakers are even pushing for inheritance-tax incentives. The challenge is huge: → BOJ owns roughly 50% of JGBs → Banks and institutions hold around 40% → Japanese households own just 2% Meanwhile, long-term Japanese yields are trading around levels not seen in decades. Japan spent years using its central bank to absorb government debt. Now it increasingly needs private investors to take over. The big question: Will Japanese households become the bond market’s new buyer of last resort? Source: Bull Theory [#Fixed Income|](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) [#Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) ![JAPAN IS TRYING TO FIND NEW BUYERS FOR ITS MASSIVE BOND MARKET.](https://blog.syzgroup.com/hubfs/1787672371985.jpg) ![JAPAN IS TRYING TO FIND NEW BUYERS FOR ITS MASSIVE BOND MARKET.](https://blog.syzgroup.com/hubfs/1787672371985.jpg) [1](https://blog.syzgroup.com/syz-the-moment/tag/asia/page/1) [2](https://blog.syzgroup.com/syz-the-moment/tag/asia/page/2) [3](https://blog.syzgroup.com/syz-the-moment/tag/asia/page/3) [4](https://blog.syzgroup.com/syz-the-moment/tag/asia/page/4) [5](https://blog.syzgroup.com/syz-the-moment/tag/asia/page/5) [❯](https://blog.syzgroup.com/syz-the-moment/tag/asia/page/2) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/54?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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