“For nearly a quarter century, Japan’s diligent savers have funded its government deficits. Now, the savers are retiring. They need their money back. At the same time, Japan’s trade surplus is disappearing. Where will the money come to keep the lights on? Nowhere. Already, there are days when scarcely a single buyer steps up to buy Japanese bonds. The central bank of Japan takes up the slack. And as people get older (spending their savings rather than adding to them) and as the country’s current account surplus disappears (Japan is not the export powerhouse it once was), more slack appears. The Bank of Japan will come to the rescue, of course.”
http://www.bonnerandpartners.com/the-japanese-will-learn-to-tango/
Related posts:
Bill Bonner: Moms & pops to be skinned again
Glenn Greenwald: Obama's justice department grants final immunity to Bush's CIA torturers
Blowback From U.S. Role As Global Tax Cop
Ron Paul: The Drone Threat
Pot Legalization Is Coming
Bernanke, Coolidge, and Buchanan: On Timing Your Departure
How Responsible Is Obama for the Oklahoma Killing?
Jacob Hornberger: Operation Jade Helm
Jacob Hornberger: The Biggest Threat to Our Country
U.S. Government vs. DEFCAD 3D Printable Gun: You Can’t Fix Stupid
The Madness of Twitter
UN Official Condemns Torture As Trump Plans UN Funding Cuts
Peter Schiff: US Could Be On A Gold Standard Within Two Years
Why the White House Is Panicking About Obamacare
Judge Napolitano: The NSA Scandal Violates the Lessons of Our History and Our Constitution