Godzilla Has No Teeth: Japan Surprises with More QE

Is there a more dysfunctional society than Japan, with their perverted distortions in how they view robots, anime, and their incredibly low marriage and birth rates? Where are the virile men? Oh, that’s right, they’re all playing with their fucking robots.

The BoJ said it would extend the average maturity of its government bond holdings to 7 – 12 years, from 7-10 years, “with a view to encouraging a decline in interest rates across the entire yield curve.”

Also, and I found this to be interesting, the radioactive nation which once housed life in Fukushima wants to partake in a little equity ETF purchasing. Might I suggest opening an account at Motif and creating your own little basket of stocks, you silly little bastards?

Under this new program, the Bank will purchase ETFs composed of stocks issues by firms that are proactively making investment in physical and human capital. The new program will start with purchases of ETFS which track the JPX-Nikkei Index 400.

What does that mean, “human capital?” Anyone?

This sort of gimmick might’ve moved the needle a few month’s ago. But no one gives a shit anymore. It’s late in the year. American fat, rich, men are drunk off eggnog, totally uninterested in more useless Japanese QE. Plus anyway, we have yield curves and high yield junk bonds to panic over.

Japan is down nearly 2%; Dow futures are off by 61.

That’s all.