Tremors in the Japanese bond market

More cracks

Just learned from an X-post by Zerohedge that the Japanese bond market has been bidless for two consecutive days. For the second largest bond market in the world, this is rather alarming.

I and we at GnS Economics have also been critical of the Japanese economy for some time. On May 10 of last year, I commented on the currency crisis of Japan in The Land of the Ri... Setting Sun. The simple fact is that the Japanese economy has been ‘FUBAR’ for many years already. Her problems started from the bailout of the Japanese economy from the banking crisis of the early 1990s. From my piece: