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

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To: UncleBigs who wrote (54503)2/22/2006 3:19:26 PM
From: russwinter  Read Replies (1) of 110194
 
Japan's export levels can now be described as down right excessive, plus their emphasis has shifted to Asia.
japancorp.net

There is absolutely no policy justification whatsoever for Japan to need to hold the Yen at 118.00 "to stimulate even more exports". Like China, they need to revalue much higher.

Probably the main reason Japan's government is hesitant, is they have a huge JGB debt that they would have to pay correct and not manipulated interest rates on. But then so did the Weimer Republic in the early 1920s.
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