short Nikkei or JPY? I'm bearish JPY over a 12 month + period..how do the BOJ get out of QQE..? I'm guessing it goes bad, real bad...why? because they have debt of 245% of GDP..despite low coupons the payments to bond holders is still 21% of govt revenue..if they do create inflation of 2% in 2015 (they wont) yields have to rise, so unless debt comes down substantially the higher yields that have to happen will eat a huge amount of govt revenue...so they cut govt revenue by hiking the sales tax in 2015 and economy gores back into recession..struggling to see how the JPY doesnt weaken especially v the USD..long Nikkei and add when we see a break of long term downtrend
