Then why did the JGB 10 year yield just hit a low not seen since 2003?
The market clearly does not believe that the pronouncements out of the government are anything more than a pant-load, or yields would be rising.
Anyone for shooting some zombies? The Japanese government needs to do exactly that, but you know damn well they won't. What will happen instead is that something in a bad place will break, and then the recent tsunami will look like a girl scout picnic.
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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