Monday, November 28, 2005

Japanese Purchase of American Bonds Drives Value of Yen Even Lower


By Elaine Meinel Supkis

Japan's stockmarket is up, their trade surplus with America is up, they are opening more assembly plants in America to keep their customer base quiet while they carefully exclude American products from Japan. The exchange rate is again becoming so stupid that it pays Japanese to go to America to buy Japanese goods. This impossible situation is even worse today with the yen falling rapidly in value despite the obvious economic imbalances in Japan's favor.
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