Authord by Kevin Muir via The Macro Tourist,
I am aware of all the doomsday Yen hyper-inflationary predictions due to their soaring debt-to-GDP ratio. And these Japanese bears very well might prove correct… In the long run.
Authored by Kevin Muir via The Macro Tourist blog,
Remember the original widow maker macro trade?
More than a decade before short China positions filled hedge fund portfolios. Way before the long VIX trade. And before Australian and Canadian real estate was even worthy of consideration by global macro traders, there was the JGB short.
Six years after a tsunami crashed into the Fukushima-Daiichi nuclear power plant, causing three of the plant’s seven reactors to melt down in the worst nuclear accident since Chernobyl, a Japanese district court in Fukushima prefecture ruled this week that Tokyo Electric Power and the Japanese government were liable for damages totaling about 500 million yen ($4.44 million) in the largest class action lawsuit brought over the 2011 nuclear disaster, Reuters reported citing local media sources.
It won't be the first time that a near-panicked Japan has came close to the edge when it comes to North Korea, and in preparation for an "emergency" was planning to evacuate its citizens located in South Korea. The last such notable spike in escalations took place in April, when as the Yomiuri Shimbun reported at the time, the Japanese government had asked the U.S.
Judging by the precautionary actions of North Korea's neighbors, the next 48 hours on the Korean peninsula could see substantial volatility, because at the same time as China's largest carrier was said to suspend flights to Pyongyang, the Japanese government has asked the U.S. to provide advance consultation if it is about to launch military action against North Korea, and "has ramped up preparations for emergency situations" according to Japan's Yomiuri Shimbun, including the potential evacuation of some 57,000 Japanese citizens currently in South Korea.