[snowsislander]

Nonetheless, the manager's fund is positioning itself to profit from a sovereign debt crisis he sees coming in three to four years that will devastate prices of Japanese government bonds (JGBs), while sending longterm interest rates soaring. In the process, he says, the yen will plummet as domestic and foreign investors flee Japanese assets.

I have heard this and variations on this for over a decade, but the yen is now very strong (near record-breaking levels, for that matter) and interest rates are still very low.

[posterchild]

Wonder how much of the yen appreciation is due to reverses in the ‘currency carry trade.’

[TigerLikesRooster]

Wall St. and London never liked Japan and never will. Japan does not play ball the way they wanted. They hectored Japan when it went into deflation in 90's. But no real opening to the likes of GS and AIG. Now they are positioned to outdo Japan and they still harp on it. Would U.S. remain in one piece? What about China?

Before Japan goes into oblivion, they will make lots of robots in an affordable way. No more foreigners to do the dirty work for Japanese.