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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (105840)5/31/2001 7:21:15 PM
From: pater tenebrarum  Read Replies (3) of 436258
 
i am sure US officials would do their utmost to dissuade them. my hunch is that there is a nationalistic faction within Japanese politics that wouldn't mind such a course of action, but it has not (yet) the necessary political power to successfully press for implementation.

but one can observe a gradual erosion of US Japanese relations over recent years, not irreversible, mind you, but it's there.

in economic/financial terms it's yet another imbalance (the Japanese trade surplus with the US and the resulting capital flows) whereby the only way to avoid that TSHTF is to let it grow ever larger. Japan's forex (mostly dollar) holdings have grown from $290 billion in mid '99 to 362 billion NOW.

it's a big dilemma...since both the US AND Japan need the moolah in the final analysis, and yet the situation right now is that the US have the house, and Japan owns the mortgage.
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