Desmond Lachman expects the country's currency and debt woes to draw attention to others on an unsustainable fiscal path.
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Economics
Jul 13, 2026
Desmond Lachman
Japan’s deepening currency and bond-market woes should be a wake-up call for other countries that appear to be on unsustainable fiscal paths, not least the United States, as well as France, Italy, and the United Kingdom. After all, a crisis in one country often draws investors' attention to others facing similar problems.
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