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The Curtains Are On Fire
The Market Ticker — ... Dec. 24 (Bloomberg) -- Japan should write-off its holdings of Treasuries because the U.S. government will struggle to finance increasing debt levels needed to dig the economy out of recession, said Akio Mikuni, president of credit ratings agency Mikuni & Co. ...

Japanese Credit Agency: Japan Should Just Begin Writing Off US Debt
Fund My Mutual Fund — You know things are bad when a Japanese credit agency is saying things are so pathetic in the U.S. that the Japanese (our 2nd LARGEST creditor who is in free fall itself) should just begin taking write offs on the value of U.S. Treasuries. I say that considering how poor Japan is doing. Japan’s recession deepened in November as companies cut production at the fastest pace in 55 years and rising unemployment prompted households to pare spending. Factory output plunged 8.1 percent from October. The decline in production was the biggest since comparable figures were first made available in February 1953. "Exports and industrial production are falling so extraordinarily quickly that it almost defies ...