Australia - Japanese investors "more downbeat on Australia than I’ve ever experienced"

A piece in the Wall Street Journal on foregin investors becoming less keen on Australian debt

h/t to MNI for bringing it my attention

Foreign Investors Turn Frosty on Australian Debt

The Wall Street Journal is gated, but in brief:

Australian bond-market strategist at ANZ Martin Whetton:

Japanese clients ... Several spoke of the darkening outlook for ... Australia's economy, citing a plunge in commodity prices, escalating unemployment, and the risk of a property bust. Many were alarmed, too, by recent big falls in the Australian dollar, already generating significant losses on their largely unhedged bond investments.
"They were more downbeat on Australia than I've ever experienced"
"I was surprised. They used to love us." ... said he had detected a similar unease among investors from the U.S., Singapore and Hong Kong