It’s Called a Keynesian End Point!

Zerohedge

And foreigners will be delighted to buy JGBs…. just hike interest rates from a meaningless 1% to at least 2% to match the US 10 year, and make JGB’s attractive.

Oh wait, there is a problem with that. As Andy Xie pointed out:

“If the bond yield rises to 2 percent, the interest expense would surpass the total expected tax revenue of 42.3 trillion yen.”

via Mrs. Watanabe Prepares To Blow The JGB Bubble: Household Holdings Of Japanese Bonds Slide To Lowest In 7 Years | ZeroHedge.

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