From sinking Treasuries to global selloffs, the turmoil in Japan’s bond market is being felt far beyond its borders. 

On today’s Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg’s Ruth Carson to unpack what’s rattled international investors and why markets are still on tenterhooks.

Read more: Japan Bond Crash Unleashes a $7 Trillion Risk for Global Markets

Further listening: The Dollar’s Dominance Is Unwinding in Asia

Carry Trades, Explained

Hosted by K. Oanh Ha; Produced by: Naomi Ng, Yang Yang; Reported by Ruth Carson; Edited by Paddy Hirsch, Julia Weaver; 

Fact-checking by Eleanor Harrison-Dengate; Engineering by Taka Yasuzawa;

Senior Producer Naomi Shavin; Deputy Executive Producer Julia Weaver; Executive Producer Nicole Beemsterboer

From sinking Treasuries to global selloffs, the turmoil in Japan&rsquo;s bond market is being felt far beyond its borders.&nbsp;
On today&rsquo;s Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg&rsquo;s Ruth Carson to unpack what&rsquo;s rattled international investors and why markets are still on tenterhooks.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/features/2026-01-25/japan-bond-market-crash-raises-alarm-for-global-interest-rates?srnd=homepage-asia">Japan Bond Crash Unleashes a $7 Trillion Risk for Global Markets</a>
Further listening:&nbsp;<a href="https://podcasts.apple.com/us/podcast/the-dollars-dominance-is-unwinding-in-asia/id1746141911?i=1000710176094">The Dollar&rsquo;s Dominance Is Unwinding in Asia</a>
<a href="https://podcasts.apple.com/us/podcast/carry-trades-explained/id1746141911?i=1000668218834">Carry Trades, Explained</a>
Hosted by K. Oanh Ha; Produced by: Naomi Ng, Yang Yang; Reported by Ruth Carson; Edited by Paddy Hirsch, Julia Weaver;&nbsp;
Fact-checking by Eleanor Harrison-Dengate; Engineering by Taka Yasuzawa;
Senior Producer Naomi Shavin; Deputy Executive Producer&nbsp;Julia Weaver; Executive Producer&nbsp;Nicole Beemsterboer

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Japan’s Bond Crash Sent Shockwaves Through Global Markets

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2ea691c3-6eb7-4f3e-8fdc-b3df01474f7e/transcript