As we have been saying repeatedly, the Fed will end up buying all of Japan’s treasuries. China must currently be trying to figure out how they can get the Fed to buy their $1.15 Trillion stash of soon to be worthless T-bonds.
$300 billion from the postal savings plan; $300 billion from yen bonds sold in the international market and $300 billion from the liquidation of US government and other US dollar denominated securities. That is for cleanup and infrastructure. Then Japanese insurance companies, as well as foreign insurers, have to raise billions more to pay off the insured.