I think I know who’s behind the turmoil ripping through global bond markets.

My mother-in-law.

Well… metaphorically speaking.

I’m talking about “Mrs Watanabe” – the name traders gave Japan’s army of household investors.

For decades, they poured Japan’s enormous savings into US and European bonds.

Now, they want their money back.

Japan is aging. Interest rates are rising. And Japanese investors may be selling overseas assets and bringing trillions home. Pasted text

If I’m right, that could help explain the turmoil we’re seeing in bond markets right now – and why it could get worse.

I explain the whole thing in my latest video.

Good investing,


Nick Hubble
Editor, The Fleet Street Letter

PS If Mrs Watanabe wants her money back, Britain could do with finding some wealth of its own. Fortunately, I believe there could be £55 trillion of it sitting in British territorial waters. And one little-known British stock could give investors a way to get in before the rest of the country wakes up to it. Here’s the story.