Japan’s Bond Market is One Gigantic Joke – “No One Judges Corporate Credit Risks Seriously Anymore”

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While anyone paying attention is well aware how much of a farce central bank driven financial markets have become, the following paragraphs are still downright terrifying.

From a just published article at the Nikkei Asian Review:

TOKYO — Fixed-income investors in Japan are increasingly assessing bonds based on their likelihood of being bought by the central bank, rather than the creditworthiness of the issuers.

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