Japan’s currency and bond market woes are a result of its unsustainable public debt. The other Western nations must pay heed

Desmond Lachman expects the country's currency and debt woes to draw attention to others on an unsustainable fiscal path.

Japan’s currency and bond market woes are a result of its unsustainable public debt. The other Western nations must pay heed

Japan appears to be on the cusp of a full-blown currency and bond market crisis. Although the Japanese authorities spent more than $70 billion in May to prop up the yen, the…