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WILL GROWING GOVERNMENT DEBT FORCE A DEFAULT IN JAPAN? Unlikely. That's mainly because Japan has almost no foreign currency-denominated debt obligations and mo
by anthony_barker 16y ago
WILL GROWING GOVERNMENT DEBT FORCE A DEFAULT IN JAPAN?
Unlikely. That's mainly because Japan has almost no foreign
currency-denominated debt obligations and more than 90 percent of Japanese government bonds are held by domestic investors, who are typically risk averse.
It is also the world's largest creditor nation, with net
external assets of 225.5 trillion yen, and it still enjoys a
current account surplus.
http://www.reuters.com/article/idUSTOE60P0BH20100127 http://www.reuters.com/article/idUSTOE60P0BH20100127
For safe investments jewelry and Art do well in turbulent times:
http://books.google.ca/books?id=tuxGXgJ_HEwC&pg=PA222&lpg=PA222&dq=Barton+Biggs+jewelry+investments&source=bl&ots=QOTXH5nGG7&sig=lxhgoJotxQe7KozfICjJ5FUas7E&hl=en&ei=FHdETN3ZMMSAnQfXleC-Cw&sa=X&oi=book_result&ct=result&resnum=6&ved=0CCcQ6AEwBQ#v=onepage&q&f=false http://books.google.ca/books?id=tuxGXgJ_HEwC&pg=PA222...