...Because Bank of Japan will create money from nothing, for paying interest and principal!
Therefore states bonds are mostly AAA, except for Greece since Greece has no more his own central bank and money...
Google in pictures: "global narrow money supply" and click on the left pie...
What is the dominant money? EUR, not USD!
How much has little Japan printed, compared to big China? twice!
Have 16 years of 0% financial costs created hyper-inflation in Japan? No!
Have 16 years of 0% interest rate reduced the value of JPY? No!
You see that 4 dogmas you have learned are false!
Jean-Francois Morf, Charrat, Switzerland5:14PM March 22, 2011
Ben, what would happen in the event of a default, or severe crisis, by the Japanese government ... how would that affect the share prices of companies which are in Japan, based on what has happened in other countries in the past with great financial difficulty ?
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Jean-Francois Morf, Charrat, Switzerland 5:14PM March 22, 2011
Tim B of WA 3:39PM March 18, 2011