US faces looming public debt wake-up call

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 currency has slumped to a 40-year low and is estimated to be at least 15 percent undervalued against the US dollar. Meanwhile, Japanese long-term bond yields have surged to multidecade highs following the end of the Bank of Japan’s yield-curve-control policy.

Raccontata daproject-syndicate.orgvalor.globo.comthehindubusinessline.comarabnews.com