Japan’s Finances “Approach Edge of Cliff”, Prime Minister Calls For Sales Tax Hike -> globaleconomicanalysis.blogspot. … cliff.html
Japan downgrade: The beginning of the end? -> finance.fortune.cnn.com/2011/01/ … f-the-end/
imf.org/external/pubs/ft/sur … 62409a.htm
However household finances are in good shape and not highly leveraged.
Household deposits provide a steady demand for Yen sovereign bonds.
Look at chart leverage 4: Household Financial Liabilities as a percentage of Household Financial Deposits.
circa 50% in Japan, 100% in euro area, 200% in US.
Hmmm… I hope somebody keeps buying from the Fed
Interesting conspiracy theory…
Most important point in that article
Why is it such an alien concept that low property prices are good?