Why trouble for the biggest foreign buyer of U.S. debt could ripple through America’s bond market

Why turmoil around Japan’s new government could wash up in U.S. financial markets. - Agence France-Presse/Getty Images Recent developments overseas have the potential to complicate the White House’s agenda to bring down borrowing costs, while heightening competition for investors in the U.S. and Japanese bond markets. Aggressive fiscal-stimulus efforts by the cabinet of Japan’s first female prime minister, Sanae Takaichi, have created a spike in long-dated yields of Japanese government bonds and further ...