Yesterday, I compared Japan, Germany and the US using economic statistics collected by the CIA. It shows clearly that Japan's export/import numbers are reduced by 50% by keeping the value of the yen super-low vis a vis the dollar and the euro. On Friday, the dollar finally fell against the yen by a tiny amount but instead of trading at at least 100 yen to the dollar, the Japanese have successfully weakened their own currency so it is going now at 121 yen to the dollar. When will we hear yells for them to raise interest rates and defend the yen's value? Ha.
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