Japan is giving up revenue now in the hope that stronger consumption and a 370 trillion yen public-private investment will deliver faster growth later.
Schiff calculates Japan's $8.3 trillion debt against $500 billion in annual tax revenue leaves it fully insolvent if yields reach 6%. Schiff warns that a weakening yen triggers inflation, forces ...
Japanese rate hikes are driving net selling of US debt, threatening higher borrowing costs for corporate bond issuers.
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