Bloomberg article: The Dark Side of Japan’s Creating Inflation

By: Eamonn Sheridan

What Abenomics bulls haven't yet explained away is what happens if Japan's prime minister gets his way. Imagine, for a moment, that the Bank of Japan succeeds in pushing gains on consumer price to 2 percent or 3 percent. The resulting rise in 10-year bond yields would shake Japan Inc. to its core. Just ask Takahiro Mitani, president of Japan’s public pension fund, which has $1.16 trillion in assets. On Feb. 1, he told Bloomberg News he's considering the first changes to the fund's asset structure in seven years as Abe's new government pursues policies that could erode the value of $747 billion in local bonds. Useful article, saying things that ForexLive readers were pointing out in the comments sections months ago ... The Dark Side of Japan's Creating Inflation