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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Paul Berliner who wrote (1883)6/24/1999 6:42:00 PM
From: Daniel Chisholm  Read Replies (1) | Respond to of 3536
 
They may *want* the Yen to be "not too strong, not too weak" (whatever that means, Goldilocks! ;-), but just how much can they do about it? Clearly they can do something, but that doesn't make the BOJ omnipotent either.

I am noticing what seems to be renewed support for Krugman's "sink the Yen for the good of Japan":

bloomberg.com

Personally I find the argument for inflation to be a scary and desperate sounding one (of course I seem to be genetically incapable of regarding inflation as a good thing, so this may be just my personal bias speaking). Anyone here think it's a good idea?

- Daniel