The ruling coalition lost their majority and the opposition are calling for tax cuts and increases in welfare spending. Fortunately the markets are closed today. Could be interesting tomorrow as yields on Japanese bonds are approaching a thirty year high:
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Japan is on a tightrope. Their debt is extremely high, and now that rates are finally rising after so many decades, nobody really knows what will happen. I suppose it can serve as a preview for the USA as we are also allowing our debt to rise somewhat rapidly.
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