With over ¥1.086 Quadrillion in debt, Former Soros Adviser Predicts Japan will Probably Default in 5 years
by John Galt June 14, 2012 22:30 ET From Bloomberg tonight: Ex-Soros Adviser Fujimaki Says Japan to Probably Default by 2017 <excerpted> Investors should buy assets in U.S. dollars and other currencies of strong developed nations because Japan may default within five years, said Takeshi Fujimaki, former adviser to billionaire investor George Soros. “Japan is likely to default before Europe does, which could be in the next five years,” the president of Fujimaki Japan, an investment advising company in Tokyo, said in an interview yesterday. Japanese…