Japan Freefall Continues - Bank Stocks Hit Bear Market

Tyler Durden's picture


The Nikkei 225 is down over 700 points from the post-FOMC minutes exuberance with major volume hitting the open in Japan.


Japanese stocks are now down 15% from their high and trading at six-month lows (and the cheapest to the Dow in 15 months). USDJPY is tumbling further (though the standard opening knee-jerk stop-run is being attempted).


Within the broader Topix index, Japanese bank stocks have just hit a bear market (down over 20% from their highs) at 10-months.



When asked how he felt about this, we suspect Abe said "depends."

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Thu, 04/10/2014 - 20:32 | 4645733 fonzannoon
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He said depends because he used to crap his pants and probably will again.



Thu, 04/10/2014 - 20:37 | 4645748 outofideas
outofideas's picture

Has anyone called Kyle Bass yet?

Thu, 04/10/2014 - 20:41 | 4645760 Anusocracy
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Maybe Japan can borrow some money from China so they can have a war with them.

Should work miracles for the Japanese economy.

Thu, 04/10/2014 - 21:42 | 4645916 Soul Glow
Soul Glow's picture

Japan is fucked, China is fucked, all Nation-States are fucked.

Fri, 04/11/2014 - 09:29 | 4647055 Thought Processor
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If anyone deserves to be golfing right now, it would be Kyle Bass.



Thu, 04/10/2014 - 20:44 | 4645763 NoDebt
NoDebt's picture

How is Kyle going to help Abe with his incontinence problem?

Fri, 04/11/2014 - 07:29 | 4646707 StychoKiller
StychoKiller's picture

Ya gotta ask yerself:  "Is 72 enough?"

Thu, 04/10/2014 - 21:05 | 4645803 Chief Wonder Bread
Chief Wonder Bread's picture

Yeah, we got it lol.

Thu, 04/10/2014 - 21:09 | 4645811 oleander garch
oleander garch's picture

Love the diaper brand placement.

Thu, 04/10/2014 - 20:40 | 4645756 Seasmoke
Seasmoke's picture

Soon not even BitCoin is going to help them. $350 !!!!

Thu, 04/10/2014 - 20:40 | 4645758 NoDebt
NoDebt's picture

I step out for a few beers, I come back, Sebelius is gone and Japan is falling off a cliff.  Can't you guys hold this shit together for even a few hours without me around?

Thu, 04/10/2014 - 20:49 | 4645775 Anusocracy
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+1 if it was Baltika or Tsingtao beer.

Thu, 04/10/2014 - 22:02 | 4645988 Lore
Lore's picture

+1 for Tsingtao!  Love that Chinese beer.

Thu, 04/10/2014 - 21:01 | 4645794 Iam_Silverman
Iam_Silverman's picture

"Can't you guys hold this shit together for even a few hours without me around?"

Nope.  You're the nail for our boards, the glue of our life, etc.

Thu, 04/10/2014 - 21:03 | 4645799 syntaxterror
syntaxterror's picture

You also missed Hillary getting pistol-whipped by an ex-lovers stiletto.

Thu, 04/10/2014 - 21:14 | 4645823 nmewn
nmewn's picture

And Sharpton was outed as a narc for the FBI, for over thirty years.

(Though very much under-reported, might affect his street cred...lol.)

Thu, 04/10/2014 - 21:19 | 4645838 NoDebt
NoDebt's picture

No.  Fucking.  Way.

I guess that means we have now lived to see the day that the streets of Harlem are safe for Bill Clinton but a death trap for Al Sharpton.

Thu, 04/10/2014 - 22:30 | 4646063 TheReplacement
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Nah.  He used his connections with the Italian mafia to feed info to the Feds. 

Thu, 04/10/2014 - 23:44 | 4646273 ReactionToClose...
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so Tawana Brawley was made up just to try and entap some poor upstate NYS prosecutors.  Never knew the federales could be so nasty & cruel


Thu, 04/10/2014 - 20:42 | 4645765 DirkDiggler11
DirkDiggler11's picture

Kyle is either out inspecting the new vault for The university's collection of barbaric relics or trying to find a warehouse to hold all of his nickels.

Thu, 04/10/2014 - 20:44 | 4645768 outofideas
outofideas's picture

Its not like we all don't wish we had his problems.

Thu, 04/10/2014 - 21:00 | 4645793 Iam_Silverman
Iam_Silverman's picture

Wait.  Isn't the exchange rate something like 102 Yen to the $US?  So their market is in bear territory after only a $7 equivalent drop?

What am I missing here?

As others here are wondering - was Abe's comment a request for an adult diaper?

Thu, 04/10/2014 - 21:02 | 4645797 syntaxterror
syntaxterror's picture

Someone needs to wake Yellen the fuck up.

Thu, 04/10/2014 - 21:29 | 4645871 khakuda
khakuda's picture

You mean the world can't print it's way to prosperity Toto?

Yeah, she is more clueless than than the last two clowns. She may actually believe her BS.

Thu, 04/10/2014 - 21:32 | 4645881 starman
starman's picture


Thu, 04/10/2014 - 21:32 | 4645882 AdvancingTime
AdvancingTime's picture

I'm ready to see Jajan take a swan dive. When the yen drops faster than the Japaneses stock market rises it will no longer protect the wealth of those invested within its borders. Japan is the most indebted developed country in the world and its future prospects are dim and getting worse. It is only a matter of time before the yen becomes worthless and as inflation begins to take root Japanese bond yields will rocket up and raise the cost of government to service its massive debt.

It is time for reality to stop babying the markets. With the BOJ  set to absorb half of the government bonds planned for sale this fiscal year, domestic investors have already started venturing overseas for higher yielding assets. If this turns in to a tsunami of  money fleeing Japan it will constitute the end of the line for those holding both JGBs and the yen. More on this subject below,


Thu, 04/10/2014 - 21:38 | 4645900 khakuda
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They are the poster child for monetary debasement and government debt. As such, they should be the first to blow and provide a blueprint for the rest to quickly follow.

Thu, 04/10/2014 - 22:54 | 4646151 GooseShtepping Moron
GooseShtepping Moron's picture

I had to crack a smile at the "Depends" double entendre. Touché, Tylers.

For my part, however, I will refrain from making fun of the man's ulcerative colitis. I can't imagine how horrible it must be to have a disease that makes you crap blood every thirty minutes.

Fri, 04/11/2014 - 07:32 | 4646712 StychoKiller
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Ya gotta lay off the Wasabi! (and those little Japanese chili peppers!)

Fri, 04/11/2014 - 01:56 | 4646469 q99x2
q99x2's picture

Do Japanese bankers jump?

Fri, 04/11/2014 - 07:35 | 4646716 Ranger4564
Ranger4564's picture

I think today's the day, ratification of IMF reforms / demands, new $ announced, IQD revalued, markets crash, gold / silver soar, things appear to revert to some norm but that's just short lived as the realization of hyperinflation sets in.

Forget BTFD, buy anything physical that could have value.

Oh, there's always the chance of War, computer virus HEARTBLEED, or some such bs to deflect the issue.

Fri, 04/11/2014 - 08:19 | 4646808 The Blank Stare
The Blank Stare's picture

My biggest fear if TSHTF is I'll hafta eat rice. And I fucken HATE rice!

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