I wrote a few weeks ago about the not so good Japan’s outlook and about the well documented view of how the government debt will soon accrue to the point where drastic, painful and unpopular measures will need to be taken. The tragic events caused by the massive earthquake and the devastating tsunami will accelerate... Continue Reading →
Japan’s Outlook
Today Moody downgraded Japan’s outlook from stable to negative. I am not sure how many in the market are shocked by this news. Not many, I suppose. An interview on Bloomberg with a journalist from Kuala Lumpur was not much concerned with the news “shock” factor. However, the journalist looked a bit worried and he particularly picked... Continue Reading →
