I only wonder just WHEN will the Yen be toppled by the central banks, as it sounds inevitable. What will be the inflection point? The Japan miracle is over, the population is aging rapidly. Its nice that you owe most of the money to your own citizens, but eventually you just cant service the debt, and just like what happened in the US mortgage crisis, what happens then? All hell breaks loose, and it comes suddenly and to the surprise of the “experts” and their wise and balanced analysis suddenly seems like a nice day dream just like dreaming that your home value will keep rising, while incomes are falling. Surely its not so completely harmless to default on your own citizens; this would surely send the country into depression as the people wake up to finally realize that their savings have been fatally wasted away, and is not coming back. Depressed countries don’t make very strong economies to repay foreign debts or to secure the ultimate value of their currencies.

Isn’t this a perfect example of the odds unreasonably skewed towards the favorite horse so much so that rewards of betting the other way make more sense?

Somebody (Soros like), someday is going to make the mother of all trades, and reap a multi-trillion dollar windfall on the Yen collapse.

I think that the Yen is going to hit the wall hard, when some unexpected crisis somewhere else is going to take the veil off this ugly bride and everyone will stampede for the small Japanese doorway at once, kicking themselves as they do for not looking under the veil sooner.

With the Yen getting stronger @ 86 against the dollar today and very close to the levels from November do you think that the BOJ is going to start intervening? Of course they have made it no secret that they would rather see the Yen above 90 against the dollar.