In the last phase of December 2011, Hayman Capital founder and also portfolio manager Kyle Bass was evaluating Japanese government budget projections for the year 2012. The projections appeared contrary to the perspectives of Hayman Capital on Japan, where a bearish position had been constructed by the fund.
Japan had the world's highest debt burden, whether expressed as a portion of government revenue or GDP. Guided by recent international events, Bass predict that Japan would soon experience increases in a devaluation of the money, interest rates, and eventually, a restructuring of the debt in the country.
PUBLICATION DATE: March 27, 2012 PRODUCT #: 212091-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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