Japan not at risk of default despite debt: Pimco
Japan may have high levels of debt to GDP but it is not at risk of default, says Pimco portfolio manager Tomoya Masanao. It can print more money to stem default risk, which is an option that countries like Greece don’t have.
In spite of its high level of debt to GDP, Japan is not at risk of default, argues bond fund manager Pimco.
Investors have grown increasingly worried about hefty sovereign debt, sparked by the problems in Greece. The European nation is sagging under €300 billion (US$389 billion) of
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