global debt markets

A New York Times opinion piece argues that Japan's bond market, and the yen, pose an underappreciated risk to global markets. The column points readers' attention beyond the usual focus on US Treasuries, suggesting that developments in Japanese government debt could have wider economic consequences.

The Financial Times reports that AI hyperscalers — the largest cloud and AI infrastructure providers such as Microsoft, Amazon, Google and Meta — are transforming debt markets. Their enormous spending on data centres and computing power is driving new borrowing at historic scale, changing how credit is priced and who dominates corporate bond issuance.