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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (13185)	12/12/1997 10:07:00 PM
From: Ian@SI	Respond to of 70976

Brian, Re Japan: Almost all their national debt is internal and, I believe,denominated in Yen. Right now they have US $ debt paying them 6%+ and increasing in value against the Yen. From Japan's perspective, they're inflating themselves right out of debt, making their products more attractive globally and profiting handsomely from the US$ that they are holding. Why would they spoil a good thing by repatriating the US$ when they can just continue printing all the Yen they need. Ian.