Quote:
Originally Posted by ilnjscb
Hmmmm.....
"With the population aging, domestic demand (which has been almost all of demand) for Japanese Government Bonds is likely to fall. A crisis could develop very quickly, in that even a small rise in interest rates could cause a large sell off in JGBs owned by banks and foreigners, and a disruptive rise in government interest costs."
Japan government debt
Risk of Bond Market Revolt in Japan: Expert |
Japan is done. The only saving grace is Japan owns their own debt. They have to borrow 50 cents of every dollar the govt spends. They are in lala land of every getting out of this and the rest of the world needs to pay attention.