In response to:

G-20 Takes Harder Line on Currencies

Bob62 Wrote: Feb 18, 2013 7:09 PM
I watch the Japanese news, it's much more reliable on our world affairs than our news is... Regarding the economy of Japan, their top officials have said many times that they want the Yen to become equal to the US penny. It confuses me as to why, but that has been their vocal stand for months... They were ticked after Obama's State of the Union Speech, because the dollar dropped 2% pushing the Yen back up 2 points, from 95/dollar to 93/dollar... The Prime Minister has been trying since our election to have a sit-down with Obama, but between golf games, all Obama could give him is a scheduled phone call... What a great President we have... How did he get re-elected?!?

Japan is in the forefront of the news with ridiculous statements such as the sinking yen is a "Byproduct, Not a Focus" of its foreign trade policy. I have a simple question "Even if that statement is believable, what difference does it make?"

The answer is none. Regardless, statements from Japanese politicians are not believable in the first place. That helps explain the following Bloomberg headline G-20 Takes Harder Line on Currencies.

Two days of talks between G-20 finance ministers and central bankers ended in Moscow yesterday with a pledge not to “target our...