DEBTOR NATION

VIDEOS

Wolf Richter On The Keiser Report
"Debtonomics and the NSA"

Wolf Richter on the Keiser Report
"Where Is The Fear"

Wolf Richter on Max Keiser's "On The Edge" 
"The Pauperization of America"

Wolf Richter on the Keiser Report
"Where the Money Goes to Die"

Clarke and Dawe: European Debt Crisis
Two favorite Australian Comedians

Clarke and Dawe: Quantitative Easing
Big industrial-strength printers, all facing the window

The Fastest Drive Ever Through San Francisco
Don't try to do this yourself
 

humanERROR - by "Frying Dutchman"
Powerful, lyrical appeal to the Japanese. Slams nuke industry, MSM, bureaucrats, and politicians.

Entries in Japan (100)

Monday
Apr212014

Exodus of Japan Inc. Slams China

China’s moves “discourage” Japanese corporations from doing business there, said the Japanese government on Monday. That’s exactly what has been happening for months. In a most dramatic way, and where it hurts China the most.

Click to read more ...

Thursday
Apr172014

The Japanese Government Bond Market Freezes Up

By David Stockman: Now it has happened. For nearly two days there was not a single cash bid for the 10-year JGB in what is a $10 trillion market. At least for the moment, liquidity has dried-up completely. This is the canary in the Abenomics shaft.

Click to read more ...

Monday
Apr142014

This Chart Shows When the Smart Money Saw The Abenomics Fail

This year has been lumpy for stocks around the world. Gone are the wild rallies followed by mild rallies interrupted by minor downticks, followed by more rallies. That’s so 2013. It's as if on December 31, someone turned off the spigot. But in Japan, it turned into a rout.

Click to read more ...

Tuesday
Mar252014

Total Abenomics Fail Slams Japan Where It Hurts Most

Japanese corporations no longer even try to invest in Japan, but they’re falling all over each other grabbing the Bank of Japan’s freshly printed dough to invest it overseas.

Click to read more ...

Friday
Feb212014

The Madness of Abenomics In One (Crazy) Chart

Abenomics, a democratically elected economic religion, was to save Japan. But the plan has already gone to heck. Not in small increments over the years with minor ups and downs, but in relentless month-to-month leaps whose viciousness surprised even the deep cynic in me.

Click to read more ...

Monday
Feb032014

Crazy Abenomics Orgy In Japan Is Ending Already – Pounding Hangover Next

Kudos to the Bank of Japan. Its heroic campaign to water down the yen has borne fruit. The people may not have noticed it because it’s not indicated on their bank and brokerage statements, but 20% of their magnificent wealth has gone up in smoke in 2013.

Click to read more ...

Monday
Jan272014

Why Japan’s Trade Fiasco Worries Me So Much

According to Japan’s state religion of Abenomics, devaluing the yen would boost exports and cut imports. The resulting trade surplus would jumpstart the economy and induce Japan Inc. to invest at home. It would save Japan. But the opposite is happening.

Click to read more ...

Friday
Dec272013

The Japanese Feel The Heat From The Big Lie Of Abenomics

Inflation without compensation and a consumption tax hike make a very toxic mix.

Click to read more ...

Tuesday
Dec242013

No Money, No Problem, Bank of Japandemonium Takes Care Of It

Just before Christmas when no one was supposed to pay attention, Japanese Prime Minister Shinzo Abe and his ministers agreed on a budget for fiscal 2014. It’s a doozy. Instead of slowing down the fiscal fiasco, Abenomics is speeding it up. With an elegant solution.

Click to read more ...

Friday
Nov292013

This Inflation Is Supposed To Be GOOD For Japanese Workers?

Japan’s new economic religion of printing yourself out of trouble works. For the elite. This is a lesson learned from the Fed. But how are workers and consumers faring? And by implication the real economy?

Click to read more ...

Friday
Nov222013

Japan Is Used To Natural Disasters, But This One Is Man-Made

The dogfight over Japan’s biggest problem, its gargantuan government deficit, entered its annual ritual of leaks and pressure tactics that usually lead to a pre-Christmas draft budget with an even bigger deficit. But this time, it’s different. Very different.

Click to read more ...

Monday
Nov182013

Here Is Proof (Provided By Japan Inc.) Why Abenomics Fails The Real Economy

The beneficiaries of Abenomics are now coming out of the woodwork with soaring profits – but they’re doing the opposite of what Abenomics promised they’d do: they’re diversifying away from Japan.

Click to read more ...

Thursday
Nov072013

High-End Food-Fraud Scandal Deliciously Spirals Out of Control, Whacks Japanese Consumer Confidence

Today it was Hotel Okura Co., which operates landmark hotels across Japan. It confessed its restaurants had misrepresented 235 menu items. That followed confessions by leading department store chains, other high-end hotel chains, traditional ryokan hotels.... New revelations bubble up daily. And consumer confidence is taking a hit.

Click to read more ...

Wednesday
Nov062013

Bank of Japandemonium Killed And “Sacrificed” The JGB Market

“The JGB market is dead,” announced with finality Tetsuya Miura, chief bond strategist at Mizuho Securities, one of Japan’s 23 primary dealers that have to bid on government securities. It had been “sacrificed” by the Bank of Japan, said another industry heavyweight.

Click to read more ...

Thursday
Oct312013

Japan’s Most Hated Outfit, TEPCO, Reports Fat Profit (From Taxpayer Bailout Money)

TEPCO, the bailed-out owner of the Fukushima nuclear plant, famous for its lackadaisical handling of the fiasco and its parsimonious delivery of information, reported earnings today. It was a doozie! And a glimpse into what's in store for Japanese taxpayers.

Click to read more ...

Wednesday
Oct302013

OMG, Those “Who Truly Rule The World”

Most powerful person in the world? Putin! Sez Forbes. At least, it wasn’t Merkel, who has been throwing her weight around when she found out that her Handy had been bugged by the NSA, just like our cellphones. We have to take it; she gets to make a big stink and gripe to Obama on the (bugged) phone.

Click to read more ...

Tuesday
Oct292013

A Devastating Problem Japan Does NOT Have: Unemployment

Unemployment in Japan dipped to 4.0%, a gloriously low rate for most developed countries. But there are real reasons for this low number – a mix of the good, the bad, and the ugly.

Click to read more ...

Wednesday
Oct232013

What Will It Take To Blow Up The Entire Japanese Banking System? (Not Much, According To The Bank of Japan)

Buried in the Bank of Japan’s Financial System Report is a gorgeous whitewash doozie: if interest rates rise by 1 percentage point, it would cause ¥8 trillion ($82 billion) in losses across the banking system. Banks would be able to digest it. The system is safe. But then the report tallied up the losses of a 3 percentage point rise.

Click to read more ...

Monday
Oct212013

Why I’m So Worried About Japan’s Ballooning Trade Deficit

Trade is one of the critical elements in Abenomics. Devaluing the yen would boost exports and cut imports. The resulting trade surplus would goose the economy. But the opposite is happening. And it isn't happening in small increments, with ups and downs, but rapidly and relentlessly. It’s not energy imports. They actually dropped! It’s a fundamental shift.

Click to read more ...

Monday
Oct072013

After Snatching Olympics, Japan Suddenly Admits Fukushima Not “Under Control,” Begs For International Help

As the Fukushima fiasco hobbled from cover-ups to partial revelations, mega-utility TEPCO – famous for its parsimoniousness with the truth and lackadaisical handling of the fiasco – always pretended the situation was under control. But days after Tokyo scored the 2020 Olympics, that pretense fell apart. Now Prime Minister Abe begged for international help.

Click to read more ...