Japan is the economic superpower and its weak currency says Deflation and Depression for the world
Special Correspondent
Feb. 2, 2007

If any currency should be strong, it is Yen. But Yen is the weakest. Large trade surplus, innovation, huge number of patents, solid balance of payments and huge trade surplus with most major countries should make the Yen strong. But it is one of the weakest currencies.

By all measures Japan is the economic superpower. In eighties it did take away that prized prestige from America. The economic superpower of the world and its currency is telling the world since 1988 that the economic situation in the world is not right. The depressed Yen represents depressed and deflated worldwide economies.

If artificial credit driven liquidity is taken out, the financial infrastructure will collapse. Japan faced that problem since 1988. The huge debt caused the deflation in Japan. The same thing will cause deflation and depression in the rest of the world. It is just a question of time. The patient is on the life support system. Sooner or later available oxygen will end since it is not getting replenished.

Japan is the economic superpower and its weak currency says Deflation and Depression for the world
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