February 24, 2012 11:14:22 AM GMT
real badly. Japan's fiscal demise sends market shock-waves as they hold immense amount US bonds which nobody wants to purchase. Normally a bond offload helps avoid default..but that is not working anymore as the US bonds Japan holds is worth nothing. If Japan had socked on more bullion they might have been able to dump. China have resonded by acquiring more bullion. good call.
