Japan is a disaster waiting to happen, says Kyle Bass

US money manager Kyle Bass says Japan’s ‘debt timebomb’ is certain to explode - it’s just a matter of when.

Japan is a country in crisis, says US money manager Kyle Bass. "Its GDP is falling, its exports are collapsing and its debt is about to explode", he said in a recent CNBC interview. Moreover the new Japanese PM's solution to those problems will just make things worse. "By aiming for a 2% inflation target they will detonate the timebomb of Japanese debt."

43-year-old Bass is no stranger to dramatic calls. In 2006 he spotted a bubble in the US housing market and founded his own asset management firm to short it. Thanks to getting that, and subsequent moves, right, investors have flocked to the brash Texan's firm. He now manages more than $1bn in assets, up from just $33m when he started out.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.