g'day Zeev, Mike, Stitch & all - dear Zeev, you sez "As strange as it seems, if the Yen reaches 150 yen/dollar, that may cause flight of capital out of Japan..." Ok, assume that this scenario is a possibility, what will happen to the US Treasuries currently held by the japanese? I mean, I also do not see a US recession in the card; and granted that there is some flight to quality buying of UST, which may be the last to be unloaded. The japanese has been accumulating US assets including RE, stocks and bonds all these years [I think this is an old argument but it has not materialized thus far.] Still, one of the reasons attributed to the inability for the Haiwaiian economy to recovery with the rest of the US allegedly is due to the substantial pullout by the Japanese.
Best, Bosco
Best, Bosco |
