A Credit Suisse-style collapse is imminent in Japan, and there’s no easy or inexpensive fix for the disaster that’s brewing.
If Norin sells foreign bonds now, it suggests deep liquidity trouble beyond CLOs. https://twitter.com/Bogachan_1971/status/1892415980887855409 Japan’s second-largest bank, Norinchukin, is deep in a liquidity crisis, and it’s becoming nearly impossible to hide its mounting losses. A Credit Suisse-like Collapse is Looming …