Kerry is a pilot?

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

Nice, but that has virtually NOTHING to do with exchange rates.

Buy Yen with dollars, what happens to exchange rates?

Buy milk, or gas, or... with cash; what happens to the price?

Non-sequitur.

Not at all; supply of one currency and it's attached worth to the other --
simple supply and demand.


Borrow dollars, sell goods for dollars and pay back dollars is
possible.
All the Japanese did in their "reflation" was bankrupt their banks and
now
they can't afford to write off all the bad paper.

But the revelation has just about nothing to do with their import/export
polices, only the relative worth of the yen.

How do you decouple rare Yen from the value of Yen?

"Rare" yen? Is that like, still sorta raw?