The truth is, they had a lot of rice, and producers began producing rice for animals, not for human consumption. The government encouraged this, and now there's no rice for human consumption, coinciding with some pests or something like that, which also affected production.

On the other hand, Japan holds treasury bonds from most countries, so many large countries will be affected by the decision made on Sunday.

But it is truly a kind of tragicomedy that it is the rice that triggers this whole disaster.

guerratotal

econ

Japan, rice, debt, and Bitcoin: the decision will be made on Sunday

> If yields continue to rise, global bond markets could be destabilized; think of a domino effect that will spread to Treasuries, mortgages, and interest rates globally. 

The irony if something as seemingly trivial as rice set this kind of unravelling into motion would be poetic. 