loosecannon
Senior Member
- May 7, 2007
- 4,888
- 269
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I know all about the lost decades, the recent upheaval in Japanese poli leadership and monetary policy, I am aware of the jostling of liquidity toward safer havens etc.
What I don't get is the Yen's sudden rise. Compared to dollar instruments esp.
Japan's $10.5 trillion national debt surpasses their GDP, their economy is poised for what looks like permanent stagdeflation until they absorb a significant correction in living standards.
IOW the yen is about as unsafe a haven, long term, as I can imagine.
So what's the deal?
What I don't get is the Yen's sudden rise. Compared to dollar instruments esp.
Japan's $10.5 trillion national debt surpasses their GDP, their economy is poised for what looks like permanent stagdeflation until they absorb a significant correction in living standards.
IOW the yen is about as unsafe a haven, long term, as I can imagine.
So what's the deal?