To be fair, low interest rates all over the world are leaving zombie companies alive everywhere.
In Japan, the problem is particularly absurd -- with the BoJ owning like 77.5% of their ETF market, and days passing where not a single Japanese bond sells (of which there are USD $10 Trillion outstanding, and the BoJ owns 43%!)
In Japan, the problem is particularly absurd -- with the BoJ owning like 77.5% of their ETF market, and days passing where not a single Japanese bond sells (of which there are USD $10 Trillion outstanding, and the BoJ owns 43%!)