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Hidden Forces

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

Hidden Forces

Demetri Kofinas

Government, Business

4.81.6K Ratings

🗓️ 24 July 2025

⏱️ 54 minutes

🧾️ Download transcript

Summary

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

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, everybody? My name is Demetri Kaffinus, and you're listening to Hidden Forces,

0:06.1

a podcast that inspires investors, entrepreneurs and everyday citizens, the challenge consensus

0:13.0

narratives, and learn how to think critically about the systems of power shaping our world.

0:18.8

My guest in this episode of Hidden Forces is Weston Nakamura, a Tokyo-based financial

0:23.6

analyst and the creator of Across the Spread, a market analysis and information service

0:28.6

that identifies key market developments from the Asia-Pacific trading session, exploring their impact

0:34.6

on equities, bonds, currencies, and commodities across global markets.

0:40.0

Where you're about to hear is the audio from Weston's recent Q&A with members of the Hidden Forces' genius community,

0:46.5

where he helped us make sense of the Japanese elections that took place over the weekend,

0:50.7

what they mean for what Weston calls the world's most dangerous market,

0:55.0

and why a new governing coalition made up of Japan's opposition parties could cause significant

1:00.2

dislocations in international bond markets, raising global financing costs, and inciting further

1:06.0

political turmoil in countries already riled by debates about trade and immigration.

1:11.6

If you're interested in becoming a member of the Hidden Forces Genius community

1:15.6

and participating in live Q&A's like this one,

1:18.6

gaining admission to our members-only social media platform,

1:21.6

discounted access to third-party research and analysis,

1:25.6

or attending one of our many in-person events like our

1:28.4

intimate dinners and weekend retreats. You can do that on our subscriber page. And if you still

1:33.7

have questions, feel free to send an email to info at hiddenforces.io. And I, or someone from our team,

1:42.0

will get right back to you.

1:47.4

Lastly, because this conversation deals with investing,

...

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