Human evaluations are difficult, because they are all opinions. Human evaluations are very difficult. Because they are all someone’s opinions. I found it. Human vertical and horizontal evaluations are all stood on someone’s opinions. So that there is no perfect evaluation. If some consultants bring to you perfect human resource evaluation, the consultants are liars.
Japanese Government Bond(JGB) is Bubble
1.Definition
Bubble:
used to refer to a good or fortunate situation that is isolated from reality or unlikely to last.
(From google search ”bubble definition”)
2.Situation
This is JGB’s 10 years yield chart.
This graph is JAPAN general government net debt in percent of GDP.
Debt is increasing, but yield is decreasing. This situation include some contradictions.
3. Opinion about ending
JGB Bubble may be next big problem. And it will collapse in 2019-2023.
Japanese banks is suffering by low yields and they are surviving by selling past assets.
The influence of low yields has been taking rich people’s interest money.
Economic deflation was the help for low interest, because the deflation was the reason to serve money in bank.
And I read the book “五輪後の日本経済” by Sayuri Shirai who was member of Bank Of Japan.
She wrote about IMF that they know Japanese government can’t rebuild their finances.
IMF also told her that Japanese economy will survive till their debt will be 200% of GDP.
I estimate from the graph, the net debt in percent of GDP will reach 200% after 2019.
Before Tokyo olympic or after it, JGB problem will end. It is not so long time.
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