Gekko

‘LET’s see now . . . the Japanese got in trouble by overspeculating in financial markets, so now they are going to bail themselves out by overspeculating in financial markets?” Bond people like my Chicago friend arc so cynical. But it does look as if the Japanese establishment is going to double up and roll again.

This has led to a new, fashionable trade among the hedge-fund people. They’re heavily shorting the Japanese government bond market, the so-called JGB. It’s official, after all, that Japan is reflating, what with an $80-billion package of announced new spending.

JD

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John Dizard

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‘LET’s see now . . . the Japanese got in trouble by overspeculating in financial markets, so now they are going to bail themselves out by overspeculating in financial markets?” Bond people like my Chicago friend arc so cynical. But it does look as if the Japanese establishment is going to double up and roll again.

This has led to a new, fashionable trade among the hedge-fund people. They’re heavily shorting the Japanese government bond market, the so-called JGB. It’s official, after all, that Japan is reflating, what with an $80-billion package of announced new spending.