Yen has strengthened and JGB's yields have contracted. Demand for their debt has increased since the earthquake.
After a couple days? In this era of governmental intervention? Plus yields haven't contracted much - although the charts do look pretty "toppy". Still, we're talkin' serious wealth destruction over an aging population with obnoxiously heavy internalized national debt. Further, this aging population bubble has reduced pop behind it. They were already screwed and this is the nuclear bomb that breaks the camel's back. You're funny.
Yeah right. Does anybody trade like that anymore? Give me a break. LOL, are you long Yen or [sic] JGB's ?
These guys are delusional credit bubble babies. Everything is just another asset reflation bubble away from saving their asses.
Actually, there might be a way to short [sic] JBG's that works for us now that I think about it. But with the weirdness in Yen. . . hmmm. . . maybe not. OTOH, the markets might be . . . nah. . . . markets will be reducing risk in the AM. Or maybe not. Anyway, past me bedtime. Looking forward to tomorrow.
They were already screwed and this is the nuclear bomb that breaks the camel's back. ------------------------------------------ Remember what happen after the 1995 Quake.. Nikkie lost 25% of its value only to return to stronger in 6 months as well as the yen at higher levels. This is one of the biggest buying opportunties in the YEN and NIKKIE that will ever be in the next 100 years, 1billion in investments just entered a little to early, only a few days ago. I wouldn't be surprise if 4x that enters at these levels. Japan is far from being dead. It's the 4th largest GDP in the world. The US economy will impload before Japan.