Not to be outdone with debt burdens, Japan has mortgaged everything down to the chopsticks for the remaining few in the next generation. Japan now sells more adult diapers than infant diapers as the population ages and the birth rate remains well below the replacement level needed. Japan, with well over 200% GDP debt level is near forced austerity, even if they don't admit it yet. The yen is near record strength against the dollar, a fall in the yen/dollar pair will, like the euro, result in bearish pressure on gold. Moving forward, increasingly anticipate Japan as a bearish catalyst for gold.