Financial Times (January 27)
2011/ 01/ 30 by jd in Global News
Japan is not facing the “dreadful dream” envisioned by Kaoru Yosano. Nor is S&P’s downgrade of Japan’s credit rating the next chapter in the global credit crisis. “Rather than a ‘dreadful dream’, Japan’s leaders face an enticing reality. They have the opportunity to issue more and more bonds at the lowest interest rates seen since the Babylonians invented accounting.”
