"Tom Sixkiller" wrote in message
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"Tarver Engineering" wrote in message
...

snip
You're half right; an exchange rate has little or nothing to do with
ability
to pay, but on the comparative worth of two currencies.

Your rescources describe a symptom as the cause, but it is the failure to
allow imports by both the National Government of Japan and the Japanese
People that is the failure of their reflation plan. If you are going to
loan Yen, then it must be possible allow your borrowerto earn Yen to repay
the loan; otherwise Yen must be purchased for dollars at the end of term and
the borrower is bankrupted.