You're watching that too, I don't pay a lot of attention but it is on my radar. Japan is an interesting situation.
http://www.forbes.com/sites/jamesgru...-crisis-nears/
From my uneducated POV there is too much information in the article to quote a high point, only to say that Japan is in deep trouble.
Don't forget about Cyprus and the haircut that large depositors took, then there is the Greek problem, and Spain, and Italy.
If you don't think the USG is working on a plan to tax your 401K/Roth/tax-fee whatever then you're living in la-la land. The USG is broke and they need money for the Free Shit Army.