Interestingly, Bass thinks the collapse of Japan has been moved forward with the new government's plan to kick start inflation:
- Japan's debt is 24 times its tax revenue; it doesn't matter what they do, their fate is sealed.
- Japan's relation policy is going to do nothing but expedite the collapse.
- At current rates, the only reason anyone would own Japanese government bonds is because you think there is going to be deflation. If they created inflation there will be a mass exodus from the bonds triggering rising interest rates which Japan can't handle.
- He thinks we are right on the cusp of the collapse for Japan.
- Japan's debt is 24 times its tax revenue; it doesn't matter what they do, their fate is sealed.
- Japan's relation policy is going to do nothing but expedite the collapse.
- At current rates, the only reason anyone would own Japanese government bonds is because you think there is going to be deflation. If they created inflation there will be a mass exodus from the bonds triggering rising interest rates which Japan can't handle.
- He thinks we are right on the cusp of the collapse for Japan.
