In Episode 429 of Hidden Forces, Demetri Kofinas speaks with Weston Nakamura, a Tokyo-based financial analyst and the creator of “Across the Spread,” a market analysis and information service that identifies key market developments from the Asia-Pacific trading session, exploring their impact on equities, bonds, currencies, and commodities across global markets.

Weston recently spoke with members of the Hidden Forces Genius community, helping them make sense of the Japanese elections that took place over the weekend. He explained what the results mean for what he calls “the world’s most dangerous market” and why a new governing coalition made up of Japan’s opposition parties could cause significant dislocations in international bond markets, raising government financing costs and inciting further political turmoil in countries already riled by debates about trade and immigration. This is the audio from that conversation.

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Episode Recorded on 07/22/2025

Why Japan’s Elections Could Blow Up Global Bond Markets | Weston Nakamura

Hidden Forces

Why Japan’s Elections Could Blow Up Global Bond Markets | Weston Nakamura