Japanese 'Margin' Traders Suffer Biggest Losses "Since Lehman"

Mrs Watanabe has a major problem.

Following Kuroda's regime shift to NIRP (and the ensuing collapse of Japanese stocks and USDJPY)...


The herded masses of leverage speculators - who bought on the back of China-like promises and Peter-Pan(ic) hopes from the government that everything will be awesome - are suffering the largest unrealized losses since Lehman.

h/t @moved_average

Let's hope Kuroda can do something before the unrealized becomes 'realized' and waterfalls through the real economy (and the world's collateral chains).