Japan's government bonds are taking hits as concerns mount over the country's deteriorating fiscal position. When a major economy's debt situation starts showing cracks, it ripples across global markets—and crypto traders are paying close attention. A weakening fiscal backdrop typically pushes investors to reassess risk appetite and capital allocation, which can have downstream effects on how institutional money flows through different asset classes, including digital assets. The bond market weakness signals broader economic headwinds that savvy investors monitor when positioning their portfolios.