With the BOJ letting rates run to levels not seen in decades, the structural “term premium” is rising, a direct headwind for long-duration crypto exposure.
Tokyo bond traders have a new number burned into their screens this week, 3.5%.
For most of the past two decades, Japan’s long end was the place the world went to forget about interest rates. If you were a pension fund trying to match liabilities, a … [8737 chars]
Source: CryptoSlate | Published: 2026-01-06T14:15:44Z
Credit: CryptoSlate
