On International Market Watch Dr. Michael A. Yoshikami, Founder & CEO of Destination Wealth Management in San Francisco joins us to discuss consumer confidence in the US and Chinese and Japanese anxiety over a default on US Treasuries.

He comments on Japan’s Government Pension Investment Fund and its overexposure to bonds, Japan's 64% year on year fall in current account balances possibly leading to a deficit and that the yen's strength will largely determine what happens.