[Costumed Vigilante]

This is either outright deceit or Stockholm Syndrome by the Japanese, or a truly commendable cultural commitment to a failing ally (Obama/Geitner America). In either case, I am sad to see the legendary Japanese honor wasted on the Federal Reserve fraud, and Obama's lying deceit as foisted upon our allies.

[Chi-townChief]

Seems they had “unshakable confidence” right up to August 6, 1945 as well.

[djsherin]

Insanity ping

[Mamzelle]

re: This is either outright deceit or Stockholm Syndrome by the Japanese, or a truly commendable cultural commitment to a failing ally (Obama/Geitner America). In either case, I am sad to see the legendary Japanese honor wasted on the Federal Reserve fraud, and Obama's lying deceit as foisted upon our allies. )))

Dittoes--the answer is probably both, which makes me feel ashamed. I even feel ashamed for the Chinese, because they seem to still know what the word "honor" means.

The best thing that could happen to America is for them to dump the dollar--right this minute. The longer we have to wait, the worse it's going to be.

[Talisker]

Remember, there's always a scrute lurking behind anything that seems inscrutable.

Except sometimes.

[poindexter]

Japan is a loyal ally. Period.

[justa-hairyape]

Looks like Pump and Dump. But then there are those two Japanese trying to dump some mega bonds in Europe. Perhaps we have Pumping while Dumping. Not a pretty site, which obviously caused the Japanese to Take One for the Dipper.

[correctthought]

Even if they had misgivings, they wouldn’t express it publicly.

[Starboard]

Thanks for posting. Enjoyed the video.

Obviously the Japanese were pressured to say this. Very sad because coercing another country to engage in falsehoods to prop up the dollar shows how far this deceitful administration will go in maniplating allies or anyone else to do their bidding. It will catch up with them.

[gaijin]

1. They’re helping us to save face, and the fact is that it may well be more expensive for Japan to NOT say such ridiculous things, as they already hold SOOO many dollar-denominated assets.

2. The US market is a key one for Japan.

3. Security in the Asia Pacific Region is helped a efforts to put a (material and semantic) floor under the dollar.

THANKS JAPAN...! You tried.

[Mister Muggles]

Or perhaps they know something we don’t know yet.

It would be foolish to classify the Japanese as a culture which does not pay attention to detail.

Why would 50% of the 30 year debt at auction on Thursday be bought by foreign governments?

Why would other governments buy our long term debt knowing they will lose big on inflation from debt monetization?

Unless the big boys already know something we don’t.

[SunkenCiv]

Japan unconditionally endorses US dollar.