The "short Japanese government bonds" trade has been dubbed the "widowmaker" because it has been a losing trade for more than 20 years. Perhaps the shorts were just early.
http://www.zerohedge.com/news/kyle-bass-vindication-imminent-largest-japanese-pension-fund-begins-sell-jgbs
For grins, here's a re-posting of Japan's wtf chart:
http://www.zerohedge.com/news/japans-wtf-chart
Wednesday, July 25, 2012
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