Reply #2

by the central bank, also known as “quantitative easing.” For over a decade, the Bank of Japan has been engaged in this practice; yet the hyperinflation that deficit hawks said it would trigger has not occurred. To the contrary, as noted by Wolf Richter in a May 9, 2012 article:

he Japanese in fact among the few people in the world enjoying actual price stability, with interchanging periods of minor inflation and minor deflation—as opposed to the 27% inflation per decade that the Fed has conjured up and continues to call, moronically, “price stability.”

www.thepeoplesvoice.org/TPV3/Voices.php/2012/09/06/the-myth-that-japan-is-broke-the-world-s


can you explain what you mean by suffering from over-evaluation of the yen?