It’s Time to Buy Japan
Merryn Talks Money
00:00
The Debt Wipeout in Japan
The most companies in Japan are net cash. About 40% of companies have a quarter of their share or equity in net cash. It means the return on cash is in real terms is pretty good. But it also means that if your banking system is failing and you go to the bank and you say, please, can I borrow a billion dollars, they say, actually, we were really rather hoping you could lend us some money to recapitize ourselves again.
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