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Japan is likely to default before Europe does, possibly by 2017, says Takeshi Fujimaki, a former...

Japan is likely to default before Europe does, possibly by 2017, says Takeshi Fujimaki, a former adviser to George Soros. If Japan defaults, the yen could weaken to 400-500 to the dollar and the yields on benchmark 10-year bonds could surge above 80%. He recommends Japanese investors buy assets denominated in U.S. dollars and other strong, developed-nation currencies.
Comments (5)
  • Pinocchio1
    , contributor
    Comments (206) | Send Message
     
    Seems like it takes a very outrages non-sense to see your name in print these days.
    With so many analysts blabbering nonsense one needs to up the stakes to be noticed.
    and of course good news is no news. It MUST be Armageddon, or worse.
    The financial media is hurting the economy. A stage for paranoid clowns.
    Why not spend more time interviewing people who have done something in their lives, CEOs of CAT, AMZN, AAPL, GOOG, COST, IBM, SBUX, PFE for example.
    15 Jun 2012, 03:22 AM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    I think that they'll just print money and won't default so fast but weaken the currency dramatically.
    15 Jun 2012, 03:31 AM Reply Like
  • johnstarno
    , contributor
    Comment (1) | Send Message
     
    JGBs will never get that wide, 95% of the market is supported domestically, the Japanese have to buy JGBS and the ylds will remain low. The would only buy on the wides and drive it back to flat curve again
    15 Jun 2012, 03:41 AM Reply Like
  • Tack
    , contributor
    Comments (12836) | Send Message
     
    Obviously, the publication of this ridiculous tripe must indicate that George is on the wrong side of a short trade and hopes he can instill some kind of panic to extricate himself.
    15 Jun 2012, 04:59 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    the 95% is getting old now...they are not going to be buying as much as they did in the past when they were working....but the Japanese will march into machine gun fire if you order them too....they are that Nationalistic..
    15 Jun 2012, 07:26 AM Reply Like
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