I think you're pretty much correct. Kyle Bass has been talking about this for years. When the Japanese hit 2% inflation, people are going to be rushing out of

I think you're pretty much correct. Kyle Bass has been talking about this for years. When the Japanese hit 2% inflation, people are going to be rushing out of JGBs if the government maintains ZIRP. This is a complex issue, so I'm going to refer people to this talk that Kyle Bass gave last year: https://www.youtube.com/watch?v=7kFcDKBpdII https://www.youtube.com/watch?v=7kFcDKBpdII