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That’s likely to change for the worst for Japan in the next year or two, possibly as soon as this summer. They’re trying to defend their currency and interest
by MR4D 4y ago
That’s likely to change for the worst for Japan in the next year or two, possibly as soon as this summer.
They’re trying to defend their currency and interest rates at the same time. Already the Yen has taken a beating this year. They are at high risk of a huge economic shock.
They’ve been able to postpone it, but just like getting out of a bad stock trade, only the first movers can do it, which means others can’t copy the Japanese strategy. Also, there are tons of specifics for Japan, such as education, economic drivers, geography and supply chains that make it unique, so it would be even harder to copy.