Japanese bond bubble
It's a good article, which provides some food for thought. Whether we should necessarily accept its conclusions is a different matter. Japanese government debt is clearly the biggest bond bubble ever. But what happens when it finally pops? Will Japan have hyperinflation, or maybe the injection of a quadrillion yens into the economy will become the ultimate stimulus that will finally end the Japanese Great Recession? Much will depend on the reaction of Japanese consumers when they realize the days of 0% inflation are over.