Bond futures jumped for a second day after Prime Minister Naoto Kan said the danger of further radiation leaks from a damaged nuclear power station is rising. The cost to protect against Japan’s nonpayment soared to a record and stocks tumbled as the stricken Fukushima Dai-Ichi nuclear plant was rocked by two further explosions today. The Ministry of Finance will sell 1.1 trillion yen ($13.5 billion) of 20-year bonds tomorrow.
“It remains unclear whether the stance of investors can remain the same in this difficult situation with few clues to the scale of damage” caused by the earthquake, said Keiko Onogi, a fixed-income strategist at Daiwa Securities Capital Markets Co. in Tokyo. “I’ve been looking for a positive catalyst for the auction but can find little at this moment.” via bloomberg.com
It seems that Godzilla is getting the remake treatment yet again. Just 10 years after the latest reboot. release in 2012. via sequelbuzz.blogspot.com
this is the real Godzilla. As Beck noted on FOX NEWS. not a NUCLEAR meltdown, but a financial one. Japan will sell American bonds to recover. So who will buy our debt?