Buffett says Japan will recover
by Iamallcool 2 Replies latest jw friends
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sinis
Don't think so. Not with the existing debt, and money to be printed for the reconstruction, AND who will be buying our debt since Japan is the second largest purchaser of US bonds (in fact they are starting to sell off)???
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beatthesystem
Repatriation of billions in Japanese funds for reconstruction would presumably have some noticeable effects on our equities and bond markets.
I'd like to add, however, that Japanese debt, as bad as it is, is mostly held by the Japanese themselves. The US debt, on the other hand....
BTS