Sinocism kindly posted a link to my piece on China’s Japanese bond holdings, with an admonitory comment questioning my conclusion. The relevant graf (Sinocism comments in bold): I should make it clear that I am not an advocate of the “China debt bomb” theory of US-China relations a.k.a. Chineez ownz r muneez and will rule...
Read More“Abenomics” pumps liquidity into the Japanese financial markets through government bond purchases by the Bank of Japan. The liquidity creates asset inflation, mainly in the stock market at least for now. Theory is, the owners of these bubblicious assets feel rich (or, according to the politically less offensive explanation, feel the raw terror that sustained,...
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