Yen Will Collapse and Fall to 200: Fujimaki

Takeshi Fujimaki, a former adviser to George Soros, discusses Japan's economic challenges, predicting a significant depreciation of the yen and potential default risks. He criticizes the Bank of Japan's strategies and highlights the impact of Moody's rating cut. Fujimaki warns of further economic decline unless the government takes decisive action, such as continuing to buy JGBs and addressing the sales tax delay.

What does Fujimaki suggest is necessary for Japan to avoid default?

What is the significance of the delay in the sales tax increase according to Fujimaki?