2. Financial institutions opted to raise cash and liquidate reserves rather than sell Japanese Government Bonds to meet margin demand. What happens when Banks run out of other assets to sell and demand in the capital reserve increase? (http://www.zerohedge.com/news/2013-04-12/japanese-bonds-vs-gold-why-commodities-are-selling)

3. Where are Japanese Banks, insurance companies, and investors going to put their money? A bond sell off will weaken the whole financial system. Rising bond yields will adversely affect the volumes in the stock market.

4. Japanese banks have accepted stocks as collateral on loan. If Japanese government bond yields climb to 3% than stock prices will sharply drop and banks will be forced to write down losses.

5. Bank of Japan bond buying will keep yields for rising sharply. Hedge fund evangelical preachers will cry for investors to sell their bonds hoping to send shock waves of fear through the bond market.

6. Japanese institutions sold $8.7 billion in overseas debt to raise cash. The sell-off of Us treasuries would repatriate funds back to Japan, the day of reckoning.

7. Japanese Institutions could become net buyers of foreign bonds. Japanese insurance companies will be forced out of Japanese government bonds into us treasuries.

8. As yen devalues, asset bubble could form around the world, as money flees to higher yield investments.