Japan's 30-year government bond yield just hit a record high—climbing 12 basis points to reach 3.61%. This marks a significant shift in one of the world's most stable fixed-income markets. For crypto investors, this matters. When traditional bond yields rise sharply, especially at such historic levels, it typically signals changing expectations around inflation, central bank policy, and risk appetite. Higher yields in safe-haven assets like Japanese government bonds can redirect capital flows across global markets, including digital assets. The move reflects broader shifts in how investors are pricing long-term economic growth and monetary policy trajectories in Japan, a major economy that's been closely watched for its monetary policy stance.