Subject: Re: NYTimes.com: S.&P. Downgrades Japan as Debt Concerns Spread
From: "Michael Andrews" <[email-masked]>
To: <[email-masked]>
Cc: "Devon Archer" <[email-masked]>, "Curtis Hastings" <[email-masked]>, "Hunter Biden" <[email-masked]>, "Eric Schwerin" <[email-masked]>
Date: Thu, 27 Jan 2011 15:48:36 -0500

I have been thinking about the economic and financial issues facing  
Japan for some time. Last July Assistant Secretary of State for Asia  
Kurt Campbell told a small group of friends that Japan had become the  
US most serious national security concern in Asia. It made sense but  
as I thought about it -it was not such a surprise since if Japan  
continued to decline and it has and if it cannot arrest its decline  
then it changes everything for the US and our policy. Japan is crucial  
in the funding of many soft power projects and as an economic  
counterweight to China.

I am now very concerned about Japan and Neil you may be correct.

Michael
On Jan 27, 2011, at 9:32 AM, Neil Callahan wrote:

> Double short Japan event starting to form.
>
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> BUSINESS DAY   | January 28, 2011
> S.&P. Downgrades Japan as Debt Concerns Spread
> By HIROKO TABUCHI and BETTINA WASSENER
> The credit rating agency Standard & Poor's said the Japanese  
> government's already high debt burden was likely to continue to rise.
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