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Saturday, January 26, 2013

Kyle Bass: Japan Debt Time Bomb Ticking

Japan’s Debt Time Bomb Is Ticking: Kyle Bass: "He predicts the bomb will detonate within two years. "All of the components of the equation are in place for this to all of a sudden go off," he said. "When it turns, it will turn at once. The yen will be its strongest right before it breaks, their interest rates will be the lowest right before they break." Bass advised anyone with yen to buy Western assets to protect themselves. He pointed to the $20 billion Softbank acquisition of Sprint and advertising agency Dentsu's purchase of Aegis in the UK as examples of Japanese companies buying Western assets."

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