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A yen bug in search of a windshield

A yen bug in search of a windshield

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Beacon Reports
Feb 09, 2012
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A yen bug in search of a windshield
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Reuters recently reported that Mitsubishi UFJ Financial has drawn up contingency plans to rid itself of long-term Japanese Government Bonds (JGBs) should the nation's current account slip into deficit. MUFJ expects the current account may slide into deficit in 2016, an event they believe would cause yields on 10 year JGBs to rise from 1.0% to 3.5%. Wond…

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