Blind desire to buy bonds puts Japan investors at risk
Bursting with cash and intent on safety, investors in the country are piling into government debt and highly rated bonds, driving yields to historic lows. But in the hunt for return they risk overlooking deteriorating economic fundamentals and an uncertain political outlook, writes Asiamoney correspondent Mark B. Johnson.
The blows just keep on coming for Japan.
Unpopular Prime Minister Taro Aso is counting down the days until the August 30 election amid rising public dissatisfaction with his Liberal Democratic Party. The country’s economy may well contract 4.7% this calendar year. The balance sheets of numerous companies
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