Japan according to Kyle Bass

JulieW · Jan 19, 2013

Some important thoughts from Kyle Bass on Japan just published at ZeroHedge

Japan and China's trade are of immense importance to Australia. With their war posturing and China's nationalism crushing Japanese imports this further analysis doesn't look good.
Bass puts a 24 month window on this playing out.

http://www.zerohedge.com/news/2013-01-18/detonating-japanese-debt-time-bomb-kyle-bass

It is the Japanese institutions that own JGBs and they own them at meager rates of interest simply because of the ingrained belief in deflation; when the government begins to target 2% inflation, the swing in forward expectations (he notes to monitor inflation swap breakevens) will be the trigger for Japan's implosion. Bass warns that "Japanese debt is around 24x central government tax revenue and when you sail into the zone of insolvency, nothing you can do will help," though he realizes that calling the end of the 70-year debt super-cyle to a specific date is naive, he does expect the 'bomb' to explode within 18 month to two years.
Click to expand...

Full interview
http://plus.cnbc.com/rssvideosearch/action/player/id/3000142263/code/cnbcplayershare

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Japan according to Kyle Bass

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Japan according to Kyle Bass

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