Japanese Government Bond (JGB) yields have been testing key technical levels over the past day or so. On Tuesday, the 10-year yield hit a five-month high of 1.48%, up sharply from 1.25% at the beginning of October. The yield failed to break higher on Wednesday, but I am watching resistance (or support in price terms) [Read more...]
One of the things that has been keeping me awake at night lately is Japan’s horrendous government debt burden. This is already more than 170% of GDP and will only keep rising as the budget deficit surges this year and GDP plummets. I forecast government debt reaching 250% of GDP by the end of 2018, [Read more...]
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