Bloomberg is doing a five part series on Japan this month.
One take away is that Japan's gross debt is 230% of GDP, but its net debt is 113%. While not nearly as bad, it still leaves Japan second only to Italy in debt to gdp.
Bloomberg articles reiterate many of the points made by Bass and Hendry in the Japan bear case.
BTW, even though Kyle Bass lost a lot of money on the Japan trade in April, Hugh Hendry made money at it, propelling his fund to the best monthly performance in its history.
This highlights the importance of transition dynamics and position management that Hendry discussed in his newsletter. Or perhaps luck?
One take away is that Japan's gross debt is 230% of GDP, but its net debt is 113%. While not nearly as bad, it still leaves Japan second only to Italy in debt to gdp.
Bloomberg articles reiterate many of the points made by Bass and Hendry in the Japan bear case.
BTW, even though Kyle Bass lost a lot of money on the Japan trade in April, Hugh Hendry made money at it, propelling his fund to the best monthly performance in its history.
This highlights the importance of transition dynamics and position management that Hendry discussed in his newsletter. Or perhaps luck?
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