There is a popular American military term called a “last stand,” which is meant to describe a situation where a combat force attempts to hold a defensive position in the face of overwhelming odds. The defensive force usually sustains very heavy casualties or is destroyed, as happened at Custer’s Last Stand. Misreading his enemy’s size and ability, General Custer fought the Battle of Little Bighorn; leading to his annihilation.
The Japanese government is now partaking in a truly incredible measure to expand its QE program in a desperate attempt to devalue its currency and re-inflate asset bubbles around the world. In other words, Japan is constructing its own “last stand.”….
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