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Japan is about to join Europe in the debt crisis ranks, with the two regions offering the best opportunities for investors to bet against, hedge fund manager Kyle Bass said.
Japan?s home-mortgage costs are dropping, with rates at the lowest since 2009, as a recession deters borrowers and keeps benchmark government bond rates low.
Japan?s home-mortgage costs are dropping, with rates at the lowest since 2009, as a recession deters borrowers and keeps benchmark government bond rates low.
Sales of mortgage bonds are poised to rise for the first time in five years as the securities help fill a void created by utilities that pulled debt sales following the world?s worst nuclear disaster since 1986.
Sales of mortgage bonds are poised to rise for the first time in five years as the securities help fill a void created by utilities that pulled debt sales following the world?s worst nuclear disaster since 1986.
Once again, a local problem is becoming a global crisis. Just as California was the epicenter of the subprime mortgage crisis that shook the world, so too the nuclear waste leaks at the Fukushima Daiichi plant in the wake of the earthquake are posing a threat to others far beyond Japan?s borders.
Like the American financial institutions that spawned the subprime mortgage crisis, Japan's nuclear crisis is largely the result of forsaking prudence for profits.
Citigroup Inc. said Wednesday it has settled a lawsuit against three former executives of subsidiary Nikko Cordial Corp., ending a two-year court battle stemming from an accounting scandal at the firm. Citigroup settled with Junichi Arimura, the former chief executive officer of Nikko Cordial, and two other former managers, on June 10, according to Nikko Citi Holdings Inc. spokesman Yoshito ...

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