One of the more interesting stories to watch play out over the next few years is going to be Japan. Several well-known hedge fund managers have made high conviction bets against Japan's massive debt load that is sustainable only in an ultra-low interest rate world.
Goldman's O'Neill visited with Bloomberg's Tom Keene on the subject of Japan (and other issues):
- Thinks the market is now starting to understand (as shown by yen weakening) that Japan is now very serious about major quantitative easing.
- For the yen to continue to weaken the market will need to see some concrete action.
- A rapidly weakening Swiss franc is showing that the European situation has become more stable.
- He thinks the markets are taking the new Japanese government more seriously because they are able to put a new head in charge of the Bank of Japan.
Goldman's O'Neill visited with Bloomberg's Tom Keene on the subject of Japan (and other issues):
- Thinks the market is now starting to understand (as shown by yen weakening) that Japan is now very serious about major quantitative easing.
- For the yen to continue to weaken the market will need to see some concrete action.
- A rapidly weakening Swiss franc is showing that the European situation has become more stable.
- He thinks the markets are taking the new Japanese government more seriously because they are able to put a new head in charge of the Bank of Japan.
