Shortly after we detailed the scale of carnage in Japan - a mysterious massive panic-seller of Yen appeared... as Kuroda heads for Parliament...
But it's not holding...
Another night, another utter bloodbath in AsiaPac. Japanese markets are plunging (NKY down 600 from US session close) along with USDJPY as Kuroda readies himself to face parliament (and Abe says he "trusts Governor Kuroda.") Once again banks leading the pain. Australia is also in trouble, after admissions of cooked data sent stocks lower pushing the ASX 200 into bear market territory.
Kuroda has utterly failed to inspire the non-deflation that they believe threatens the world...
And markets know it... NKY is down 2200 points from post-NIRP highs
Japan is unable to hold any gains...
Then there was this...
- *ABE: TRUSTS BOJ GOVERNOR KURODA
Which sounds like it is begging for a big "but..."
And Australia enters bear market (down 20%) territory...