10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge

1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion

For First Time

by Tyler Durden
Oct 26, 2017 10:45 PM

0
SHARES

"...a quadrillion here, a quadrillion there... and pretty soon you're talking real money!"

For the first time in history, foreign assets held by Japanese institutional and individual investors appear to
have topped 1,000 trillion yen ($8.79 trillion), according to Nikkei estimates.
The amount has increased roughly 50% during the past five years and now is more than twice as much as the
country's gross domestic product.

http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 1/11
10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge

Japanese investors are in the midst of a major shift -- pulling their cash out of domestic securities and placing
it in overseas markets.
Securities seem to have accounted for nearly half of the 1,000 trillion yen that has escaped overseas.
Japanese investors were holding 453 trillion yen worth at the end of June, up 100 trillion yen or so over the past
three years.
By investment destination, nearly half of securities investments were directed to the U.S., while close to 30%
went to Europe.

They have been pushed to this collective decision by a hyper-aggressive Bank of Japan, which for more
than four years now has been flooding the country's economy with so much yen that cash instruments can only earn
negligible interest.
And given Shinzo Abe's recent super-majority election win... do not expect this flood of liquidity - fungibly leaking
out to the rest of the world's assets - to stop anytime soon!
Just ask Kuroda...

http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 2/11
10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge

Comment viewing options

Threaded list - expanded Date - oldest first

50 comments per page Save settings

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Ajax-1 • Oct 26, 2017 10:48 PM

Buying Yen might be a good investment in the event of a shortage of toilet paper. What comes after a
quadrillion?

Dr. Engali  Ajax-1 • Oct 26, 2017 10:56 PM

I’ll bite. A billion?

LetThemEatRand  Dr. Engali • Oct 26, 2017 10:57 PM

Next up. A quadrillion notional paper shorts on gold/silver futures.

Paul Kersey  LetThemEatRand • Oct 26, 2017 11:11 PM

So we already knew that the Central Bank of Switzerland has bought over $80 billion in U.S. stocks,
and now we hear that the Japanese are buying even more. If the U.S. stock market ever does finally
crash again, a good part of the rest of the world will be going down with it. The U.S. Federal Reserve
Bank is not allowed to buy foreign or domestic stocks. However, it can lend money against them.

Stuck on Zero  Paul Kersey • Oct 26, 2017 11:13 PM

In the meantime that flood of Yen keeps the value down and their exports flooding everywhere. Wall
Street is willing to sell the entire country to foreign interests to make a buck.

Mtnrunnr  Paul Kersey • Oct 26, 2017 11:14 PM

systemic risk? more like systemic stability. you say tomato I say fuck everyone who doesn't already
own assets.

GUS100CORRINA  Paul Kersey • Oct 27, 2017 12:11 AM

1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time
Observation: Number in the title is missing 3 zeros. It should be 1,000,000,000,000,000.

As a side note, how many children can a couple have without having two "EXACTLY" identical
children?
http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 3/11
10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge

The answer is 1 followed by 40,000 zeros. One quadrillion only has 15 zeros.
Looks like we have a long way to go to reach genetic diversiy built into both a man and woman.

Dsyno  GUS100CORRINA • Oct 27, 2017 12:35 AM

Maff is hard.

TwelveOhOne  LetThemEatRand • Oct 26, 2017 11:13 PM

Doh! Headline's number is a thousand times less than the headline's word!
It goes, from right-to-left: hundred, thousand, million, billion, trillion, quadrillion. They've only got 5
sets of zeros, not 6!

Edit: ah, yeah, okay they're talking about the chart. Misleading headlines suck.

LetThemEatRand  TwelveOhOne • Oct 26, 2017 11:16 PM

According to the words in the article it's a quadrillion. No idea if that's accurate, but skip past the
headline and read the article.

robertocarlos  Ajax-1 • Oct 26, 2017 10:57 PM

USD.

Milton Keynes  Ajax-1 • Oct 26, 2017 11:01 PM

quintillion

Shemp 4 Victory  Ajax-1 • Oct 26, 2017 11:05 PM

Buying Yen might be a good investment in the event of a shortage of toilet paper. What comes after
a quadrillion?

Remember, in terms of double-ply, that's only 500 trillion.

Bank_sters • Oct 26, 2017 10:47 PM

The central bankers have buttfucked the vast majority of the world into debt slavery. Most people are
oblivious to their situation.

MsCreant • Oct 26, 2017 10:49 PM

So if you have a bunch of watered down currencies, all circulating around the drain with one another,
what do you get?

Ajax-1  MsCreant • Oct 26, 2017 10:54 PM

A clogged drain.

bluskyes  MsCreant • Oct 26, 2017 11:44 PM

Falling gold prices, apparently.

A h t • O t 26 2017 10 50 PM
http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 4/11
10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge
Anarchyteez • Oct 26, 2017 10:50 PM
Print BITCHEZ!

Dr. Engali • Oct 26, 2017 10:50 PM

Assets? Is that what we’re calling electronic digits these days?

JibjeResearch  Dr. Engali • Oct 26, 2017 11:57 PM

Stop it... done ruin my show lolz aahahah

Disgruntled Goat • Oct 26, 2017 10:50 PM

Whats the big surprise. The Japanese Government is printing money hand over fist and using it to
purchase JGBs, other debt, corporate debt, and equities.... and since few institutions, like banks, have
been forced to write worthless assets off, or mark them down, there has been little capital destruction....
thats the new world we we live in, yet myself and others like me ate mocked when we mention Gold and
Bitcoin

freedom1798 • Oct 26, 2017 10:54 PM

Foreign assets are easily expropriated.

Rektors • Oct 26, 2017 10:54 PM

The headline is wrong....
1,000,000,000,000 is a Trillion...

Shemp 4 Victory  Rektors • Oct 26, 2017 10:59 PM

Yeah, I noticed that too.

LetThemEatRand  Rektors • Oct 26, 2017 11:01 PM

/0 0\

-
/---\

Either way, it's depressing.

divingengineer  Rektors • Oct 26, 2017 11:43 PM

Well....when you convert it to Bolivars, yeah.

JibjeResearch  divingengineer • Oct 26, 2017 11:55 PM

ahah ahah ahah lolz ahaha..

hah ahaha..
Man.... fuck the Opera's house... ZH is the main event lolz ahahahah

Mine Is Bigger • Oct 26, 2017 10:55 PM

Some smarter Japanese are exchanging the yen with bitcoin and physical gold.

I read reports that gold smuggling into Japan has increased sharply.
http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 5/11
10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge

And Japanese buying has been a major driver of the bitcoin's price gains.

Rektors • Oct 26, 2017 10:56 PM

The headline is wrong...
1,000,000,000,000 is a Trillion.

Rektors • Oct 26, 2017 10:57 PM

1,000,000,000,000 is a Trillion....wrong headline.

fauxhammer  Rektors • Oct 26, 2017 11:01 PM

.

Rektors • Oct 26, 2017 10:57 PM

1,000,000,000,000 is a Trillion....wrong headline.

Rektors • Oct 26, 2017 10:58 PM

1,000,000,000,000 is a Trillion....wrong headline.

LetThemEatRand  Rektors • Oct 26, 2017 11:23 PM

On the 3rd repeat post (for someone who is obviously obsessed with perfection) can you cut the headline
writer a break?

JibjeResearch  LetThemEatRand • Oct 26, 2017 11:54 PM

aha ahahaha.... fuckkk... ahahaha... so many retarded... Africans in here ahahhaha

Golden Showers  Rektors • Oct 27, 2017 12:19 AM

Is this the new Quadrillion Yen Note? http://sirbikesalot.com/user_photos/2007-09-09_idiotcash.jpg
Or is it the metric system?

Rektors • Oct 26, 2017 10:59 PM

Sorry for the Trillion posts.

robertocarlos  Rektors • Oct 26, 2017 11:00 PM

Wrong. You posted this a quadrillion times.

Shemp 4 Victory  Rektors • Oct 26, 2017 11:00 PM

No prob, it was only a billion.

Tao 4 the Show  Rektors • Oct 27, 2017 1:10 AM

May be only a trillion to us, but our Japanese friends have such a yen for money, they easily go for a
quadrillion. (Pun intended: 1$ ~ 115 ¥)

robertocarlos • Oct 26, 2017 10:59 PM

http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 6/11
10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge
Doubled in 9 years. Slackers.

slipreedip • Oct 26, 2017 10:59 PM

Pretty soon assets will be, can I grow my own food, do I have my own water, generate my own power;
can I protect those things and my family.
No need to stock up on toilet paper, there will be plenty of fiat currency laying around.

JibjeResearch  slipreedip • Oct 26, 2017 11:52 PM

ahahaha....

Rebelrebel7 • Oct 26, 2017 11:01 PM

We have robots, yet we do not have calculators that compute trillions or quadrillions.
Part of the one, two, many conspiracy I suppose. How it is that a billion is different in the U.S. than
everywhere else must have a dark and foreboding secret.

I'm not a modern day Rothschild conspirast, but it seems possible in the case of the missing 000.

Rebelrebel7  Rebelrebel7 • Oct 26, 2017 11:01 PM

.

JibjeResearch  Rebelrebel7 • Oct 26, 2017 11:50 PM

ahaha ahahahah ahahah... you are a comedian?

Rebelrebel7  JibjeResearch • Oct 27, 2017 2:49 AM

No. I'm dead serious. My guess is that it has something to do with the war of 1812. We want the money
back with interest!

onwisconsinbadger • Oct 26, 2017 11:02 PM

I am sure zero interest rate from 1980 has helped. Print Abe, print.

robertocarlos • Oct 26, 2017 11:02 PM

The British confused me. Somehow 100 million is a billion in Brit-land.

JibjeResearch  robertocarlos • Oct 26, 2017 11:49 PM

The British likes small number. It's easier to add.
The Japanese likes big number. They enjoy CTRL+P.

http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 7/11
10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge

http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 8/11
10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge

http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 9/11
10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge

http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 10/11
10/27/2017 1,000,000,000,000 - Japanese Foreign Assets Top One Quadrillion For First Time | Zero Hedge

http://www.zerohedge.com/news/2017-10-26/1000000000000-japanese-foreign-assets-top-one-quadrillion-first-time 11/11