One guess as to where this 14-18 Trillion Yen will come from. Thats right-
QE to infinity- AND BEYOND!
Gold and silver will continue their relentless bull-market runs as long as governments continue attempting to devalue (print) their way out of the massive crisis facing western nations as a result of faulty credit derivatives (and now also natural disasters).
From Kyodo:
The central and local governments will need to spend 14 trillion to 18 trillion yen over the next 10 years to finance reconstruction following the March 11 earthquake and tsunami, the Japan Research Institute said Monday.
Public outlays of 9.1 trillion yen will be required in fiscal 2011, the leading private research institute said, noting that up to 5 trillion yen should be set aside in addition to the 4 trillion yen included in the first supplementary budget for the year to March 31, 2012.
The institute made the forecast based on its estimate of disaster-related damage announced by the government in March, assuming that state financial support for the daily lives of affected people will be around the same level as that provided following the massive earthquake in Hyogo Prefecture and its vicinity in 1995.
