Kyle Bass Notes Japan’s Debt Crisis Crash

The much anticipated slip in the Japanese economy hedge fund manager Kyle Bass had been expecting may be here.  As stocks dive, “flight to quality” didn’t benefit Japanese bonds In a CNBC interview this morning, Hayman Capital fund manager Kyle Bass noted Friday’s swan dive in the Japanese Nikkei did not produce a corresponding flight to quality in the Japanese bond market, as one might expect.  Japanese bonds “are acting pretty terrible in light of their equity market,” Bass said in the interview. Kyle Bass: Yen trading higher as Japanese stocks collapsed Although Bass didn’t discuss it in the video…