The BOJ has run out of options and currency debasement is all that's left, says Jeff Gundlach,...

|By:, SA News Editor

The BOJ has run out of options and currency debasement is all that's left, says Jeff Gundlach, explaining why long Japanese stocks is his most high-conviction idea at the moment. As for U.S. fixed income, he likes cash and short-term instruments. Investors in "yieldy" types of things like junk bonds may be about to get a wake-up call in 2013.