The Rambling Redneck

Commentary on the Zeitgeist

Wednesday, May 13, 2009

Pressure’s building

From the BBC:

Japan's opposition party says it would refuse to buy American government bonds denominated in US dollars, if elected…

… But, he added, it would continue to buy bonds only if they were denominated in yen - the so-called samurai bonds.

This would be an unmitigated disaster.

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