最新报道：According to a report from Bijie.com, economist Robin Brooks analyzed that Japan faces a potential debt crisis, with its debt-to-GDP ratio reaching approximately 240%, further exacerbated by rising inflation and bond yields. However, a US recession could provide Japan with a brief respite, lowering global bond yields and easing fiscal pressures. Brooks noted that Japan currently faces a dilemma: maintaining low interest rates could lead to further depreciation of the yen and hyperinflation; allowing yields to rise further to stabilize the yen could jeopardize debt sustainability. This dilemma could prompt investors to turn to alternative financial instruments such as cryptocurrencies and stablecoins. Notably, Japanese startup JPYC plans to issue its first yen-pegged stablecoin this year. Furthermore, the yen has depreciated by 41% since 2021, exacerbating domestic inflationary pressures. Meanwhile, Japan's 10-year government bond yield has risen from near zero in 2020 to 1.60%, the highest level since 2008, and the 30-year bond yield has also hit a multi-decade high, reflecting investor concerns about fiscal risks. Brooks believes a U.S. recession could temporarily lower Japanese bond yields, buying Japan time. However, a long-term solution would still require spending cuts or tax increases, and whether the Japanese public would accept such measures remains uncertain.