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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.
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3 prospettive sulla stessa storiaTimeline cronologica
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project-syndicate.org
A Japanese Wake-Up Call for America
Desmond Lachman expects the country's currency and debt woes to draw attention to others on an unsustainable fiscal path.
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thehindubusinessline.com
A Japanese wake-up call for America
Japan’s currency and bond market woes are a result of its unsustainable public debt. The other Western nations must pay heed
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arabnews.com
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…