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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: philv who wrote (5522)1/19/2004 9:10:56 PM
From: t2  Read Replies (1) of 110194
 
The average Japanese is seeing his currency devalue thanks to their government.

That's what's wrong, and that's what it costs.


But the average Japanese's holdings are increasing in value. BOJ has not been able to get the YEN higher. In addition, there is nothing holding the citizens from holding savings in other currencies.

The inability to weaken YEN....is creating dollar assets for the government..and all from money printing machines!

Your comments does not really explain it...or maybe I am not able to understand it.

btw-starting to entertain the thought that maybe YEN could weaken a lot and not strengthen against dollar. This would go against the consensus view among currency traders it seems
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