Japan short sellers are still waiting

What the yen/dollar spike did accomplish was to give the Japanese authorities a licence from its international partners to keep the yen from rising. The crisis has postponed the Japanese government's eventual insolvency, but central banks massively overestimate their ability to control rates, especially long rates, in a chaotic environment. The time will come for the Big Japan Short

Source: http://www.ft.com/cms/s/0/fbb26b82-7282-11e0-96bf-00144feabdc0.html?ftcamp=rss

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