Yen Selling May Become an 'Avalanche,' Soros Says: ""What Japan is doing is actually quite dangerous because they are doing it after 25 years of just simply accumulating deficits and not getting the economy going," Soros told CNBC's Bernie Lo on the sidelines of a conference by the Institute for New Economic Thinking in Hong Kong.
"So if what they are doing gets something started, they may not be able to stop it. If the yen starts to fall, which it has done, and people in Japan realize that it is liable to continue, and want to put their money abroad, then the fall may become like an avalanche," Soros added."
"Everybody knows there is a property bubble that needs to be deflated, but I think the government also knows it and has the resources to do it. It won't end in a crash," Soros said
'via Blog this'
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