And Now The Facts About Retail Appetite For Japanese Bonds... Submitted by Tyler Durden on 11/17/2012 13:09 -0500 Dennis Gartman Japan One of the more persistent, and pernicious, misconceptions about the unshakable - at least to date - tower that is Japanese debt, all Y1 quadrillion of it, is that there is no need to worry (literally, see prior ) because the bulk of it is held by retail, i.e., domestic household, investors and as long as that is the case, nothing can possibly go wrong: after all the Japanese population holds its own debt, and as such is a beneficial creditor to the world's largest sovereign debtor. Alas, as so often happens with conventional wisdom, it just happens to be completely wrong. And while one may be entitled to their own opinions, the facts in this case belong squarely to the Japanese Ministry of Finance. The Japan MOF chart below summarizes the true state of retail appetite for Japanese bonds. In the wise words of Dennis Gartman, the chart is unmistakably headed from the top left to the bottom right, in perfectly obvious terms. Source: Japanese Ministry of Finance Average: 5 Your rating: None Average: 5 ( 8 votes) Tweet Login or register to post comments 6143 reads Printer-friendly version Send to friend Similar Articles You Might Enjoy: Silver, Wine, Art and Gold (SWAG) To Protect From Inflation Guest Post: Cashing In On Japan's Debt Conundrum? Olympic Calm Before Coming Financial Storm Guest Post: On Currency Swaps And Why Gartman May Be Wrong In Focusing On The Adjusted Monetary Base Kyle Bass Vindication Imminent? Largest Japanese Pension Fund Begins To Sell JGBs
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