Tuesday, April 12, 2016

The End Game For Japan
- Now In Progress
"'One day the BoJ may well get a call from the finance ministry saying please think about us – it is a life or death question - and keep rates at zero .. To our surprise, Japanese retirees have been willing to hold government debt at zero rates, but the marginal investor will soon not be a Japanese retiree .. If and when U.S. hedge funds become the marginal Japanese debt, they are going to ask for a substantial spread."
- Olivier Blanchard, former chief economist at the International Monetary Fund
LINK HERE to the article

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