明石順平
@junpeiakashi
弁護士。 チクシスト。著書「アベノミクスによろしく」「データが語る日本財政の未来」「国家の統計破壊」「人間使い捨て国家」「ツーカとゼーキン」「キリギリスの年金」「財政爆発」「データで見る日本経済の現在地」「全検証 コロナ政策」「Japan's great failure」発売中。趣味はロードバイクと筋トレ。
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BREAKING: Japan's 10Y Government Bond Yield surges above 2.80% for the first time in history.
This truly is one of the most insane charts ever seen.
Japan (lhs) and Switzerland (rhs) are polar opposites. Japan's yields keep rising, but the Yen falls anyway. Switzerland's yields go lower and lower, but the Franc just strengthens. Difference is public debt. Switzerland is at 40% of GDP. Japan at 200%...
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Japan is becoming a case study for what NOT to do when you have lots of public debt. Japan is banking on official FX intervention to stop the falling Yen. This can't and won't work. $/JPY is rising back towards 160 once again. Japan is stuck in denial...
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