Perhaps not yet, but it appears their debt bubble is not looking good going forward…
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“Concerned OF?”
A-game!
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I’ve been seeing more and more of this in the past few weeks. Someone please correct me if I’m wrong here, but…
Japan has been unsuccessfully trying to devalue their currency for a few years now. What’s stopping them from pegging it at 100 USD and using all the cash printed to buy up government bonds to reduce their debt load?
In other words…how is this a problem if Japan has an overvalued currency and has been stuck in a deflationary vortex for 20 years? Isn’t no inflation and a strong currency a perfect recipe for the ability to print money to service your debt?