This entry was posted on Tuesday, February 28th, 2012 at 10:47 am and is filed under ECB, EU.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
2 Responses to “Are Japanese Banks Bailing Out Europe?- John Carney reposts my article”
I just dont see how the BOJ would make such a bold step. While I personally dont believe that Japan will ever default, the Japanese politicians (like thier US counterparts) and BOJ are very concerned about the Japanese debt situation. And the domestic banks hold most of the Japanese govt debt. So for the Japanese govt to push for their banks to bail out European govts (where there is a very real risk of default) just to weaken the yen…. seems a bit of a stretch.