[DeaconBenjamin]

The Bank of Japan doesn't appear to be having tremendous success (except at reducing the yield on T-Bills).

[festus]

Interesting. Wish I could say I understood more than I do about the whole internation currency game.

My thought is that we are driving down our dollar so as to make the spectre of deflation not show up on our own reports. That is even if we are having deflation if the dollar itself is worth less at roughly the same rate than since the reports are all valued in dollars it looks as if we are flat instead of going through deflation.

But like I said thats just my thought. I could be completely out to lunch on this one......