De rente op Japanse staatsobligaties schiet fors hoger, waarmee de rente op 10-jarige Japans schuldpapier opnieuw boven 1 procent uitkomt. De rente opstoot volgt nadat ratingbureau de gigantische Japanse schuldenberg van 200 procent in vraag stelde. De outlook voor Japanse schuld wordt op ‘negatief’ geplaatst! Via TodayOnline:

“Japan’s finances are getting worse and worse every day, every second … It may be right in saying that we are closer to a downgrade but the deterioration has been gradual so far,” said S&P director of sovereign ratings Takahira Ogawa. Mr Ogawa said Japan needed a “comprehensive approach” to contain its debt burden, which the government has projected will exceed ¥1 quadrillion (S$16.9 trillion) in the year through March as the nation pays for reconstruction. S&P has had Japan on a negative outlook since April after it lowered the rating to AA- in January. Moody’s cut the rating by one notch to Aa3 on Aug 24. Fitch Ratings also has Japan at AA- with a negative outlook.

In Europa weet men inmiddels wat dat betekent: fors hogere rentes liggen mogelijk in het vooruitzicht voor Japan. Waarom Japan de echte olifant in de globale porseleinkast is, maakte Kyle Bass onlangs duidelijk.