A pledge by Japan's PM to stick to its self-imposed cap on new bond issues (¥44T, $496B) is met with scepticism, with doubts reflected in a 20-year bond auction that attracted the weakest demand in more than three years, steepening the yield curve to a level not seen since 2002. Last month, Fitch warned Japan could lose its AA- rating if new debt supply materially exceeded ¥44T. (ETF: EWJ
I can hear them now.. "me not want bicycle or rick-shaw.. me want Hummer or Escalade"
and i've noticed on casino trips that a dis-porportionate amount of Chinese, Japenese, India people vs U.S. Caucasion are spending the big bucks...they're loaded with cash to burn...
read somewhere that 9 smoke-belching factories open up in China...EVERYDAY...