There was a WSJ article the other day that pointed out that the 10-yr Japanese treasury bond has a lower yield than does ours, and their total debt is just under 200% of GDP. Thus one might speculate that yield inflation here may be some time off.IIRC, they did mention that most of Japan's debt is owned by the Japanese in contrast with the U.S. where about half the debt is held by foreigners. They said this as a cautionary note that what applies to Japan might not apply here.brucedoe
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