Japan's Rising Interest Rates

Nick Godt says a new trend is on the way:

Amid solid signs that Japan's economy is picking up and the decade-long deflationary spiral has finally ended, the Bank of Japan is set to gradually end a policy that has kept Japanese interest rates near 0% for more than four years.

Higher rates don't always mean good things for equities. But in Japan's case, they signal that the economy and profits are likely to improve. Some analysts expect that Japan's Nikkei stock index, which has already gained 16% over the past month and a half, is poised for more stellar growth.

Since Japan's central bank owns a lot of U.S. treasuries this could affect the U.S. debt markets.