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Japanese banks have been bulking up on US junk corporate credit for the last year, driven entirely by an increasingly difficult reach for yield. That means overlooking dangers and risks which in other less distorted times would have been taken more seriously. The end result is a large and growing distortion in a key part of the credit markets.Video Length: 00:20:00More By This Author:New Data Is Screaming A Full Blown Recession Is Confirmed
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