Bessent’s bond gambit echoes Japan’s decades-long debt trap

NEW YORK — The moment the US debt crossed US$40 trillion, it stopped being a number and became a gravitational force — one powerful enough to bend Asia’s bond markets, currencies and policy priorities. Officials in Tokyo know this better than anyone. After decades of wrestling with its own debt‐heavy equilibrium, Japan offers a preview [...] The post Bessent’s bond gambit echoes Japan’s decades-long debt trap appeared first on Asia Times .
2026-08-26 06:59:08