Charting the Global Economy: Japanese Bond Rout; Greenland Deal

A rout in the Japanese government bond market earlier this week pushed yields to a record high and sent shockwaves through global markets.

Just $280 million of trading was enough to push Japan’s $7.2 trillion government bond market into a meltdown that illustrates a weak spot in the global financial system.

Meanwhile in Davos, Switzerland, US President Donald Trump said he would refrain from imposing tariffs on European nations after reaching a framework for a deal over Greenland. Trump said there would be additional discussions on the Golden Dome missile-defense system, which he cited in justifying his pursuit of the ...