Richard Perry Short Japan Corporate Debt, Long In Greece & Spain

The bearish Japan group is gaining more popularity. Richard Perry shared his views on Japan while speaking on the Global Stage panel at the Delivering Alpha conference. Perry said that he has been short Japanese corporate bonds for a while now, and made a big statement by likening Japanese corporate bonds to U.S. subprime bonds that were bought during the 2006-2008 period when the instruments were on the verge of collapse. He also said that buying Japanese corporate bonds in these times is like being bullish on European sovereign credit in 2008-2010.