From Zero Hedge:
Japanese bond volatility appears to have crossed the Rubicon.
As we noted (earlier), the Japanese Ministry of Finance warned that a rise in (Japanese Government Bond) volatility could cause a significant sell-off in JGBs (since banks will be hampered by their VaR models-driven risk limits, which have literally gone off the charts in recent days, and be forced to reduce holdings to meet those risk limits).
It seems however, that [...]
Last week a Chinese warship pointed its missile guidance system at a Japanese destroyer in an unmistakable show of aggression, the Japanese Ministry of Defense announced today.
The brief report out of Tokyo cites a January 30 event where a type 053 Chinese frigate locked its “sixth fire control radar” onto a Japanese helicopter equipped vessel out of Yokosuka. Japan has two helicopter carriers, and they are the largest vessels in the Japanese Maritime Self-Defense [...]
The suffocating smog that blanketed swathes of China is now hitting parts of Japan, sparking warnings yesterday of health risks for the young and the sick.
The Japanese Ministry of the Environment’s Web site has been overloaded as worried users log on to try to find out what is coming their way.
“Access to our air pollution monitoring system has been almost impossible since last week and the telephone here has been [...]
by Ethan A. Huff, Natural News:
Scientists were shocked to learn recently that levels of ionizing radiation in sea life living off the eastern coast of Japan are still exceptionally high following the devastating earthquake and tsunami that struck the region back in March 2011. And according to a new paper published in the journal Science, which draws on a myriad of data collected by the Japanese Ministry of Agriculture, Forestry and Fisheries (MAFF), the [...]
In a stunning turn of events, a Japanese Ministry of Finance official admits to Richard Koo’s worst nightmare “Japan is fiscally worse than Greece“. Bloomberg is reporting that, at a conference in Tokyo, Yasushi Kinoshita says Japan’s 2011 fiscal deficit was up to 10% of GDP and its debt-to-GDP has soared to over 230%. What is more concerning is the Kyle-Bass- / Hugh-Hendry-recognized concentration risk that Kinoshita admits to also [...]
According to Credit Suisse, this is just the beginning of Transpacific central banking warfare. Per Dow Jones: “The Japanese Ministry of Finance’s JPY-selling operation Thursday may be the first in a series of interventions over the coming weeks to curb further rises in the unit, and may have come Thursday in part as the Swiss National Bank’s move Wednesday to weaken its own currency made [...]
Kyodo says radioactive caesium found in sea water 24.8 times limit
Kyodo says radioactive Iodine found in sea water 126.7 times limit
The only logical solution is for the Japanese ministry of deadly disinformation to raise the radioactive Cesium sea water limit by 25 times, and that of Iodine by 127 times. And all shall be well.
UK retail sales slow in October: The survey found that 58% of retailers said sales rose in October, with 22% reporting a fall, a balance of +36%.
This down on the +49% in September, and below the +47% retailers had forecast for October in last month’s survey.
LG and Sharp Electronics have warned sales of televisions have fallen and they have increased inventories so shall have to lower prices. LG also [...]
Kathy Bostjancic, director for macroeconomic analysis at the Conference Board, warns that the GDP figure is actually weaker than it seems, due to a large unintended build in inventories. “Heavy discounting boosted consumer buying but production gains outpaced consumption and investment, so inventories have increased. Reducing those inventories in Q4 will require still more discounting plus some scaling back in production,” according to Bostjancic. The Conference Board expects growth [...]