Japan has been a big part of the global bond market for quite some time – both unhedged investors (the government, mostly) and hedged investors (the banks, the lifers ). And Japan’s financial system report is still the best guide to really understan

Lyn Alden @LynAldenContact · Nov 14, 2022

Good thread about risks in the Japanese financial system and the implications for US assets (given Japan's enormous positioning in US assets):

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by Brad Setser

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