Mizuho Securities Co. said Bank of Japan dominance has killed the nation’s sovereign bond market, leaving it unable to reflect either the success of stimulus policies or fiscal risks.
"The decision to scrap fuel subsidies and raise gas prices is a potential game-changer in the realm of investor perceptions of Mr. Modi's commitment to undertake major fiscal and structural reforms."
- Nicholas Spiro on Oct 19, 2014
Spiro Says Italy in Stronger Position Than Spain
Spiro Says European Sovereign Crisis Is Deepening
Nicholas Spiro Says 'Worst Week' for Sovereign Debt