Japan's slow-motion train-wreck is speeding up as the yen crashes below 150 per dollar, a level not seen since the 1980's bubble era.
What's happening in Japan is intriguing; a zombie economy built on government spending and zero interest rates is pushing investors overseas in search of higher returns.
This, in turn, is wreaking havoc on the yen, causing imported energy and food prices to soar by 50%. A dire situation for a nation that imports 2/3 of its food and over 90% of its energy.
To defend the Yen the BoJ could accelerate the US bond selling...