129725023511956844_73Insuring costs rise in Japan bonds alert
In the context of European debt crisis stretches in every direction, the world's largest debtor countries Japan would follow in their footsteps, has always been analysts paying close attention to the topic. Latest figures for measuring credit risk rating of Japan national debt default guarantee costs have soared to record highs: Japan credit default swap rate on bonds over March last year, Japan suffered earthquakes, tsunamis and nuclear leaks hitAfter the peak. On January 30, the international rating agency Moody's said Japan admit is unable to reach red reduction target before 2015, is not conducive to the country's sovereign ratings; and warned that if the lack of viable long-term finance to improve policy, and the continued economic downturn, Japan will also increase the risk of debt. According to data compiled Markit's data,Cover of 5-year $ 10 million in Japan government bond default behavior does not occur the price is $ 155,000
dragon nest power leveling, and July last year, this data will only be $ 90,000, two months before it was US $ 110,000. In addition, the United States securities depository Clearing Corporation data is also displayed in the near future, through credit swaps guarantee Japan national debt amounted to us $ 9 billion, although the scale is small,Than 1 year ago, this gain is more than 40% the data. Analysts believe that these data sharply higher mean by tight air is accelerated erosion of the European debt crisis Japan government bond market, Japan government bond future cause for concern. At one point of view, Japan's debt position is worse than Europe. According to the 2011 Japan Government sovereign debt has reached$ 14 trillion, about Japan than twice times the economy of scale. Since last March, a large number of post-disaster reconstruction expenditure further deterioration in Japan's debt situation. Last week, the Japan Government report said in 2016 makes the basic budget deficit accounted for gross domestic product (GDP) ratio fell by half, than the original planned target time has been postponed due toThe Government delaying the time of raising consumption taxes. Moody's said in a weekly credit Outlook, although Japan was unable to reach the red target reduction effect may not be, but if Japan economy weaker-than-expected and more slowly than expected implementation of fiscal policy, Japan will be wrong. Moody's also believes that although Japan is unlikely to break out in the next 2-3 years the debt crisis, but ifLack of viable long-term finance to improve policy, and the continued economic downturn, Japan will also increase the risk of debt. "Japan the Government's fiscal position is absolutely unsustainable. "Economists said all along, while fears Japan debt burden, but most agree that Japan's debt" bomb "detonated within a few years later. But the moment
tor commendation power leveling, the tippingTime may be up to one year or less than 1.5 years. Japan Government has admitted that, in fiscal year 2012, beginning in April this year, Japan will implement austerity plan record 93.2 trillion yen. Analysis shows, however, come from tax revenues may only provide a reduction target of 45%, the remainder may still need to rely on Government borrowing ways. MoreWorse is that data on Wednesday showed that 2011 Japan appeared in the 1980 of the 20th century, the first time since the trade deficit. Trade surplus is always Japan current account of the main sources. If Japan trade deficit, which could force Japan rely more on foreign investors for domestic bonds. The other hand, because Japan exports fall, Japan national income will be reducedLess, and in recent years Japan baby birth rates decline in demand for pension expenses will increase. Asia-Pacific sovereign ratings Director Andrew Fitch rating agency recently said that Fitch is closely following Japan whether the Government will implement the measures used to stabilize the financial situation of the large area. "As of now, we do not see these. "He said. Other concern is that time may not be enough. Recently, there have been signsIndications, some analysts expect Japan will continue to rise in bond yields, and bets the yen to weaken. In order to improve the situation of domestic deficits, Japan Prime Minister Noda Hikomasa vigorously sought by way of legislation raised its national sales tax. Noda said, who risk their political career to promote unpopular plan---to raise sales tax doubled to 1 time. However, there areAnalysis of the people, taking into account the Japan domestic strong opposition, the plan's prospects remain uncertain. Although Japan heavy debt pressure, many economists still believe that the debt crisis is unlikely. "If Japan will become the next Italy, my answer is no. "Pacific investment just know how responsible for asset management, Japan has a lot of personal and corporate savings, at least 5 years Japan China is fully capable to finance government debt, and do not need to rely on foreign investors and, secondly, a large number of Japan government bonds held by domestic investors, Japan most of the Government's debt is Yen assets, if need be, Japan's Central Bank be able to open the way to printing presses to pay debts, and the solutionsAnd approaches is euro-area Member States could not be done. Analysts also said that although Japan breach costs rose, but Europe's debt crisis deteriorating, making Japan bonds especially short-term debt are considered flight to heaven
the old republic commendation power leveling, many investors will be European Bond Exchange is in the hands of Japan bonds, it's enough to make Japan government bond borrowing costs at a lower level. Data show thatJapan the benchmark 10-year government bond yield is approximately 1%, and the United States and Italy similar yields respectively and 1.9%.
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