Comment: There is a big article in the WSJ about it

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Michael Nystrom's picture

There is a big article in the WSJ about it

The Japanese government wants to weaken the yen, which will make Japan's products more competitive on the global market. The yen has already fallen quite a bit with all this talk that has been taking place.

At the same time, the weak yen makes imports more expensive. Basically, they want to scare people out of savings. This is the same thing our Fed has done - apparently with much success - here. What is the point of saving if the interest rate is .5%. May as well spend it. Chase things that are going up: Stocks, housing, etc.

It is pathetic, because there is no true, underlying value. It is all built on another bubble that could pop at any time.

The only way to make sense out of change is to plunge into it, move with it, and join the dance.
- Alan Watts