Jim Grant reacts to David Tepper’s market call

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  • CNBC Television published this video item, entitled “Jim Grant reacts to David Tepper’s market call” – below is their description.

    David Tepper, founder of Appaloosa Management, told CNBC’s Joe Kernen believes Japan, which had been a net seller of Treasurys for years, could start buying the U.S. government bonds again following the surge in yields. The potential buying could help stabilize the bond market, Tepper said. Jim Grant, founder and editor of Grant’s Interest Rate Observer, joined “Squawk Box” on Tuesday to react to Tepper’s call.

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    In This Story: Japan

    Japan is an island country in East Asia located in the northwest Pacific Ocean. Part of the Pacific Ring of Fire, Japan comprises an archipelago of 6,852 islands covering 377,975 square kilometers (145,937 sq mi); the country’s five main islands, from north to south, are Hokkaido, Honshu, Shikoku, Kyushu, and Okinawa. Tokyo is Japan’s capital and largest city.

    Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.

    Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.

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