As a returning visitor I want to thank you for your interest.Thanks for visiting!
Japan’s economic outlook depicted as bleak as usual:
So far, the yen has been one of the strongest currencies in the world. But what happens if domestic investors (the major buyers by far of newly issued JGBs) simply begin to boycott the JGB auctions? Ironically, US treasuries would probably be hit first, as the Japanese government begins trimming back its forex reserves (mostly held in US treasuries) to fund domestic expenditures.
http://seekingalpha.com/article/167781-the-return-of-japan-s-zombie-finance
We are far from the exuberance and the hope of 2006:
http://www.forbes.com/2006/09/05/japan-economy-recovery_cx_jc_0907japan40intro.html
My timing for going to Japan couldn’t have been better.