How the heck do you put that trade on though? I still haven't found an inexpensive way to do it, have you?
I don't know either, but it would certainly be tempting if you could risk very little and still make a lot of coin. The numbers that back up Bass's story are hard to ignore. Anything but near zero interest rates and Japan is f'd. At some point someone is going to yell fire and even the Japanese aren't going to be willing to accept no return for lending their money to their government.If the JGB paper was in the hands of foreign investors instead of the Japanese themselves the crisis would already be flow blown obviously.