By: Adam Button
Goldman Sachs has some must-read data for anyone who isn't familiar with the situation in Japan, which is a fiscal abyss: Via Zerohedge: Our analysis suggests that unless the government makes more aggressive budget cuts than the current plan, domestic funding may become difficult in 6-7 years’ time. They believe that if Japanese finances begin to collapse, domestic investors would flee to the US and Germany. The result would be an enormous yen declines.
Goldman Sachs has some must-read data for anyone who isn't familiar with the situation in Japan, which is a fiscal abyss: Via Zerohedge: Our analysis suggests that unless the government makes more aggressive budget cuts than the current plan, domestic funding may become difficult in 6-7 years’ time. They believe that if Japanese finances begin to collapse, domestic investors would flee to the US and Germany. The result would be an enormous yen declines.
