In late December 2011, Hayman Capital founder and portfolio manager Kyle Bass considering the Japanese government budget projections for 2012. Projections appeared contrary views Hayman Capital in Japan, where the foundation was built bearish positions. Japan was the high leverage in the world, expressed as a percentage of GDP or government revenue. Based on current affairs, bass forecast that Japan will soon experience a rise in interest rates, currency devaluation, and ultimately, the country's debt restructuring. "Hide
by Robin Greenwood, Julie Messina, Jared Dourdeville Source: Harvard Business School 28 pages. Publication Date: March 27, 2012. Prod. #: 212091-PDF-ENG