Economy Crisis in JGB Business and Debt Power Japan / Hirofumi Yamada

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ECONOMY 2. 7-TIMES THE GROSS DOMESTIC PRODUCT Behind the fiscal debt that has ballooned to 2.7 times the GDP is the emergence of the "government bond bubble" and the government bond business to take advantage of it. If the bubble bursts, the Bank of Japan, which is now the largest holder of the bubble, will become insolvent and the yen will plunge. Households and small and medium-sized enterprises will also fall into crisis. This is a broad-based analysis that goes beyond fiscal theory. It is an effort to look squarely at the crisis calmly and look for a way to survive.