Japan’s problem is bigger than yen

Filed in Debt, Gold Investing, Gold Prices, safe-haven, silver, swiss franc, Yen by on September 18, 2010 0 Comments

“Sadly but truly, as dismal as Japan’s economic outlook seems, the yen (along with Swiss franc) is replacing the U.S. dollar as the safe-haven currency with the continuing unwinding of risk trades. Investors see the yen as ‘safe’ due to the fact that Japan has a current account surplus and its government debt is mostly domestic instead of foreign,” said Dian Chu in this guest post.

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Japan’s problem is bigger than yen

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