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).
via Zero Hedge http://ift.tt/1LdAlOZ Tyler Durden